BOSTON – The Legislature's Committee on Revenue on Thursday morning gave its stamp of approval to a proposed constitutional amendment that would establish a 4 percent surtax on income in excess of $1 million in a bid to raise $1.9 billion.
The proposal (H. 3933) seeks to raise additional revenue for education and transportation initiatives by hiking the tax rate for earnings in excess of $1 million to about 9 percent.
BOSTON – Donald Trump's decision to skip Thursday night's Republican presidential debate came as a surprise to the head of Ted Cruz's campaign in Massachusetts, who said his candidate would have benefited from another chance to draw a contrast with the frontrunner.
"I don't know how it's going to impact the race at large, but I was certainly surprised that he was not going to show up tonight," said state Rep. Jim Lyons, an Andover Republican. "It seems to me that the people of Iowa deserve to see a presidential candidate."
