Massachusetts legislature votes to tax millionaires an additional 4%

Massachusetts legislature votes to tax millionaires an additional 4%
Massachusetts state house PD

[Ed. – It’s OK, though, because it’s going to worthy causes or something and won’t stifle economic growth.]

The House and Senate held a constitutional convention and approved 156-37, (House approved 121-33, Senate approved 35-4), a proposed constitutional amendment that would allow a graduated income tax in Massachusetts and impose an additional 4 percent income tax, in addition to the current flat 5.1 percent one, on taxpayers’ earnings of more than $1 million. Language in the amendment requires that “subject to appropriation” the revenue will go to fund quality public education, affordable public colleges and universities, and for the repair and maintenance of roads, bridges and public transportation.

[…]

There was no debate on the proposal and no amendments were considered despite efforts by GOP Minority Leader Brad Jones (R-North Reading) to propose one. Jones said that Senate President Karen Spilka, who presided over the convention was intent on gaveling through the proposal quickly and deflected his attempts to offer an amendment. Jones said his amendment would have required that revenue from the new tax be spent in addition to funds already directed toward education and transportation, and not simply replace those funds.

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