Wednesday, June 9, 2021

CommonWealth Magazine: 2 views on the Fair Share Amendment


"THE FAIR SHARE AMENDMENT — which would assess an additional tax of four percentage points on annual taxable income above $1 million and invest the proceeds in transportation and public education — has been discussed and debated for many years. It has been voted on three times in previous Constitutional Conventions convened by the Legislature, and has received strong support every time. In public polling, this proposal typically receives support from more than 70 percent of voters in Massachusetts. 
Together with our colleagues in the Legislature, we will again take up the Fair Share Amendment at Wednesday’s Constitutional Convention."
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"AS IT MEETS in a constitutional convention on Wednesday, the Massachusetts Legislature has another opportunity to approve the so-called  millionaire’s tax, paving the way for the measure to appear on the November 2022 ballot.

This latest campaign to make the state’s flat tax into a graduated income tax would impose a 4 percent tax surcharge on incomes of $1 million and more. Six past efforts to impose a similar graduated income tax scheme have failed at the ballot box and, more recently, the state’s highest court rejected it as “unconstitutional.”
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