Democratic State Representative Explains Opposition To Massachusetts Millionaires’ Tax

Democratic State Representative Explains Opposition To Massachusetts Millionaires’ Tax

Why would a Democrat oppose a millionaires' tax?

Nine Democratic state representatives in Massachusetts went against their party and voted against sending the Fair Share Amendment to the November 2022 statewide ballot. If enacted, the measure will amend the Massachusetts Constitution to increase the marginal tax rate on household incomes over $1 million in Massachusetts from 5 percent to 9 percent — an 80 percent increase.