Episode Details

Seattle’s downtown economy is crumbling under the weight of its own JumpStart payroll tax, with 30,000 jobs lost, office vacancies soaring to 32%, and $10 billion in office value evaporating since 2020 — while Bellevue, tax-free and thriving, proves how policy choices can dramatically reshape economic outcomes right next door. Mayor Katie Wilson defends the tax as a lifeline that prevented deeper cuts and helped rebound from the pandemic, sparking a fierce debate over whether Seattle’s tax strategy is killing its business climate or saving it.

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