Revenue Committee Votes in Favor of “Fair Share Tax”

The Joint Committee on Revenue voted 12-4 in favor of the “Fair Share Tax” amendment during an Executive Session yesterday. This was the next in a series of steps necessary before the initiative can appear on the 2018 ballot – the initiative now must receive 50 affirmative votes at a Constitutional Convention during the current legislative session, and 50 affirmative votes at a Constitutional Convention during the next legislative session. As I wrote in this op-ed, this proposal would create a more even effective tax rate across all income levels – the poorest Massachusetts residents are currently paying an effective tax rate that is on average 38% higher than that of top earners – as well as address the Commonwealth’s unsustainable income inequality gap by investing in transportation, roads and bridges, and public education.

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