"IT’S UNIONS VERSUS businesses in a high-stakes and so far evenly matched battle to raise the tax rate on high-income earners.
This November, Massachusetts voters will decide whether to pass a constitutional amendment that would raise the tax rate by 4 percentage points on income over $1 million. If the initiative passes, the extra tax money would be earmarked for education and transportation.
A coalition made up primarily of unions has raised nearly $10 million this year so far for its campaign to pass the amendment, while a group of mostly business people opposing the tax hike has raised over $9 million.
According to campaign finance reports submitted to the Office of Campaign and Political Finance on Friday, the pro-tax committee Fair Share Massachusetts raised $9.9 million this year in cash with another $1.5 million worth of in-kind contributions. "
|CommonWealth Magazine: "Opposing camps evenly matched on millionaire tax fight"|