If Massachusetts intends to remain a leader in innovation, uphold equitable access to higher education, and sustain long-term prosperity, we must dedicate a substantial portion of Fair Share revenues to supporting public colleges and universities.
Fair Share Amendment
Posted inEconomy
Report says millions from new tax on high earners could be lost to loophole
STATE BUDGET-WRITERS have begun planning to spend $1 billion in new revenue to fund education and transportation needs thanks to the so-called “millionaires tax” approved last year by voters. But a new report says Massachusetts could lose out on anywhere from $200 million to $600 million from the new tax on high earners unless legislators […]
Posted inBallot Questions, Education, Transportation
Millionaire’s tax opponents sue over ballot language
OPPONENTS OF THE so-called “millionaire’s tax” filed a lawsuit Thursday asking the Supreme Judicial Court to change the summary of the constitutional amendment that will appear on the November 2022 ballot. Their lawsuit calls attention to what has been a controversial issue – whether the money raised from the income surtax will actually go toward […]
Posted inEconomy
Pandemic changes Fair Share debate
WHEN A COALITION of labor, clergy, and liberal organizing groups first proposed raising the tax rate on income over $1 million, the year was 2015. The income tax rate was 5.15 percent, the region was reeling from the disastrous performance of the MBTA the previous winter, there were around 15,000 people in the state earning over […]
Posted inPolitics
SJC knocks millionaires tax off November ballot
THE SUPREME JUDICIAL ruled that a proposal to raise taxes on high earners in Massachusetts cannot appear on the November ballot because it violates a constitutional provision requiring that all the elements of such a question be “related” or “mutually dependent.” The eagerly-awaiting ruling is a huge blow to public sector unions and other liberal […]