Proposed ‘millionaire tax’ gets hearing on Beacon Hill

BOSTON — Days after Connecticut woke up to news that corporate behemoth General Electric is moving to Massachusetts to escape an inhospitable tax climate, the Massachusetts legislature held hearings on whether to impose a "millionaire's tax," an additional tax to income earned in excess of $1 million.
The hearing before the Joint Committee on Revenue, which attracted scores of citizen spectators on Tuesday, is the next step in a years-long process to get the proposed constitutional amendment before voters on the 2018 ballot.