Explain to me again April Sims how removing the protection on union and public employee pensions was a technical adjustment to closed a loophole for billionaires. Explain it real slowly so I can understand what dark magic you speak of!

Today, Washington Policy Center and The Buckeye Institute released a new report on what Washington’s income tax would cost the economy. Compared with Washington without the tax, the report projects: • 7,800 fewer full-time jobs in 2028, growing to 18,800 fewer by 2036. • About 1,400 fewer new employer businesses each year. • $4.9 billion less economic output in 2028. • $3.6 billion less consumer spending and $3.1 billion less business investment in 2028. By 2036, the report estimates $2.50 in lost economic output for every additional $1 the state collects. And those estimates assume the tax stays at its current $1 million threshold. Legislators are already talking about lowering it to $250,000. The people losing job opportunities and customers won’t all be millionaires. Selling this tax as something that only affects the wealthy ignores the costs it imposes on everyone else. Read the report below: