As a PNW native: no thanks. I'd much rather we spend tax dollars on ways to prevent the need for commutes – especially ones that require highway travel.
Public transport has been proven time and time again by numerous studies to be one of the best investments of tax money around. Just take a look at the absolute mess of a traffic situation that basically the entire Los Angeles metro area experiences, a direct result of no useful public transport system.
Are you proposing that the government just give money to businesses so long as they keep their workers at home? This would have a pretty big impact on peripheral businesses near office parks (coffee shops, restaurants, etc). SF is the perfect example - the city's tax revenue is down big time from pre-COVID and continuing to worsen, primarily because of the work-from-home trend.
BTW - I'm NOT advocating for return to office, at least not for software engineers.