Accountants, Clients Debate Wealth Surtax Strategies
With the voter-approved surtax on Massachusetts’ highest earners set to start in the new year, Bay State accountants are already urging their clients to adapt.
A Clear Vision Is Needed for Question 1 Funds
The ideal plan for implementing the Millionaires Tax is to adopt a big-picture vision over the next year, paired with a comprehensive transportation finance plan that addresses repairs, maintenance and resiliency needs.
Unions Plan Offensive to Invest in Public Higher Ed
Educators from across Massachusetts are making it clear that public higher education is on the top of their priority list for the newfound funds from a surtax on incomes over $1 million.
Don’t Waste Question 1 Funds
An old tale holds a parable for Massachusetts’ political leaders as they gaze on a new bounty of tax receipts thanks to the success of Question 1. It’s time to be highly strategic about how we use this money and prove the hit to our competitiveness is worth it.
Biz Groups React to Millionaires Tax Passage
Business groups are now warning that the state needs to act to retain its economic competitiveness with strategic investments in transit and education or tax cuts following the passage of a tax hike on high earners.
Healey in Historic Win; Question 1 Too Close to Call
Voters on Tuesday overwhelmingly chose Democrat Maura Healey as the next governor of Massachusetts. Meanwhile, a hot-button tax policy ballot question remained close Wednesday morning.
Home Sales Claim In Anti-Surtax Ad Disputed
A new ad from the coalition opposed to the proposed 4 percent surtax on annual household income above $1 million is causing a stir and, with ballots already being cast, supporters are trying to combat what they see as “misinformation.”
Coalition Eyes Surtax to Rescue MBTA
A coalition that has long called for increasing investment in the MBTA has its eye on the income surtax voters will decide in less than three weeks, pitching it as a viable source of funding for the under-fire agency while calling out billionaire Robert Kraft’s spending in opposition to the measure.
Poll: Voters Favor Income Surtax
Nearly 6 in 10 likely voters support a proposed constitutional amendment to impose a higher tax rate on income above $1 million, a new poll shows.
Why Many Business Leaders Oppose Question 1
The biggest problem supporters of Question 1 face in convincing a skeptical business community is that it’s highly unclear what this money will actually be spent on.
Income Surtax Supporter, Opponent Square Off
With less than a month left for voters to decide where they will come down on the Constitutional amendment that would add a 4 percent surtax on annual household income above $1 million, each side of the argument made its case before the Charles River Chamber on Wednesday.
Healey Wants ‘Climate Corridor’ In Massachusetts
Candidate for governor Maura Healey on Sunday denied she’s abandoning some of her boldness to avoid making a campaign misstep and promised to help create a “whole climate corridor” in Massachusetts to help the world move away from fossil fuels and toward renewable energy.
Question 1 Is Unfair, and Won’t Work
Two leading commercial real estate industry figures say a proposed surtax on the portion of someone’s income over $1 million will push businesses out and hurt many non-millionaires selling homes and businesses.
Question 1 Is a Generational Opportunity for Mass.
For us in the real estate community, the Fair Share Amendment is a chance to support the housing needs of our workforce using the better transit infrastructure the tax will fund.
Boston Chamber Re-Ups Opposition to Millionaires Tax
An organization that holds considerable sway on Beacon Hill and among the state’s business community on Tuesday reaffirmed its longstanding opposition to the income surtax amendment that will appear on this November’s statewide ballot.
Suffolk’s Fish, Patriots’ Kraft Back Campaign Against Millionaires Tax
Flush with cash from bold-name donors, opponents of the proposed Constitutional amendment to add a 4 percent surtax on annual household income above $1 million on Monday launched their first TV ad campaign.
