Not a coincidence that the two worst Mag 7 stocks are both located in Washington State: $MSFT and $AMZN.

There's been a lot of tax bills passing/getting passed that are directly hurting them and the employees
1) Millionaires' Tax Bill 6346
2) Well Washington Fund Payroll Tax (House Bill 2100) - A 5% payroll excise tax on employee wages.
3) Corporate Revenue Surcharge - Applied to 400 firms excluding Boeing
4) Advanced Computing Surcharge Increase - Raised from 1.22% to 7.5%