
Biden Bill Could Create ‘Billionaire Tax’ on Real Estate, Other Assets
Negotiations on a sweeping effort to build physical and “human” infrastructure appear to be leading towards a bill that would tax assets held by the wealthiest.
Negotiations on a sweeping effort to build physical and “human” infrastructure appear to be leading towards a bill that would tax assets held by the wealthiest.
The Boston City Council is scheduled to take up a proposal to ask the state legislature for permission to implement as much as a 2 percent tax on most real estate sales in the city over $2 million.
The Massachusetts House crossed one of Speaker Robert DeLeo’s priority bills off its list Wednesday with the unanimous passage of a bill to establish a new grant program to help cities and towns confront climate change impacts and to borrow more than $1 billion to pay for it.