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With a vote of the House and Senate Wednesday afternoon, the Massachusetts Legislature effectively kicked off a year-and-a-half-long ballot campaign around the proposed constitutional amendment to increase taxes on the wealthy and move away from the state's flat income tax rate structure.
Residents will vote on the “Fair Share” amendment next year and if approved the state will impose a 4 percent surtax on household incomes exceeding $1 million. The tax increase would produce an additional $2 billion in revenue annually.
The Massachusetts Legislature kicked off a ballot campaign to increase taxes on the wealthy and move away from the state's flat income tax rate.
The Massachusetts State House. (Jesse Costa/WBUR) The House and Senate, meeting jointly in a Constitutional Convention, voted 159-41 Wednesday to let voters decide on the 2022 statewide ballot whether to impose a new 4% surtax on annual household income over $1 million. Democrats on Beacon Hill have been pursuing the tax policy change for years and supporters say the surtax could generate more than $2 billion per year, earmarked for education and transportation, in Massachusetts without dipping into the pockets of most residents. Before the 200 elected representatives and senators voted, deba...
By Matt Murphy, State House News Service May 26, 2021 Matt Murphy, State House News Service House Speaker Ron Mariano was supposed to put some political heft behind state Rep. Jon Santiago's campaign for mayor on Tuesday, but his trip to the South End to endorse the two-term Democrat turned into a major headache for the mayoral hopeful instead. Mariano apologized Tuesday afternoon after making a quip during the event at Plaza Betances that he was "afraid my car's gonna get stolen," generating swift backlash on social media and a call from one other candidate for mayor - John Barros - for Sant...