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Schultz Slams Seattle Mayor, Announces $100 M Nashville Expansion

5/12/2026

Summary

Story summary

Howard Schultz wrote a May 12, 2026 op-ed accusing Seattle Mayor Katie Wilson of “socialist rhetoric.”
Howard Schultz warned Washington’s 7% capital-gains tax and the 9.9% “millionaires tax” in 2028 would burden firms already hurt by homelessness.
Starbucks announced a Nashville office and a $100 million investment for up to 2,000 jobs in five years.
Starbucks will stay in Seattle while Mayor Katie Wilson said the city will work with businesses on homelessness.

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Story summary

Howard Schultz wrote a May 12, 2026 op-ed accusing Seattle Mayor Katie Wilson of “socialist rhetoric.”
Howard Schultz warned Washington’s 7% capital-gains tax and the 9.9% “millionaires tax” in 2028 would burden firms already hurt by homelessness.
Starbucks announced a Nashville office and a $100 million investment for up to 2,000 jobs in five years.
Starbucks will stay in Seattle while Mayor Katie Wilson said the city will work with businesses on homelessness.