Welcome back to OnThePoint, I’m Greg C. Truax.
Seattle throws a Super Bowl parade, but it’s hard to miss what’s not showing up downtown: workers and shoppers.
Downtown Seattle office vacancy hit about 35 percent in 2025, and the Puget Sound region lost 12,900 jobs last year.
Why? Progressive Seattle politicians punish job creation– a $21.30 minimum wage and a payroll tax on firms with payrolls over $8 million, according to National Review.
In 2022, state progressives piled on a 7 percent capital gains tax. Now Governor Bob Ferguson wants a 9.9 percent new income tax on millionaires.
In 2017, CNBC ranked Washington the top state for business; today, 48th in cost of doing business.
Confetti falls, paychecks vanish.
From the NewsTalk 1040 studios, I’m Greg C. Truax.
Greg C. Truax is president of GCTMediaGroup, a film production studio, online magazine publisher, radio commentator, and creator of written and broadcast opinion commentary.