“The Washington State House Finance Committee made revisions to a proposed income tax after a group of progressive lawmakers said the previous version gave away too much while not doing enough for working families.
“A tax break that would have benefited big businesses has been removed from the latest version of a bill to tax incomes more than $1 million is being advanced by Democratic leaders. A group of 13 progressive lawmakers in the House pushed for those provisions to be stripped.”
Everyone who says “$1 million is not a lot of money” is an idiot who probably doesn’t have $1 million themselves and never will.
It’s not “retire and live a life of luxury” money, at least in many parts of the world.
It’s a lot of money in terms of paying down debt and covering rent for a while, though.
A million dollars to someone or something that regularly generates tens to hundreds of millions, if not billions, every year is not a lot of money at all.