In written testimony, the Massachusetts Taxpayers Foundation asks legislative leaders to postpone a second and final vote on the proposed amendment, which seeks a 4% surtax on the portion of an individual's annual income above $1 million. Eileen McAnneny, the foundation's president, said with the economy still in flux, and the long-term effect of the pandemic on the workplace unclear, lawmakers should halt the push to tax top earners.
April 27, 2021
Income Tax
Watchdog seeks delay on 'millionaires tax' vote
In written testimony, the Massachusetts Taxpayers Foundation asks legislative leaders to postpone a second and final vote on the proposed amendment, which seeks a 4% surtax on the portion of an individual's annual income above $1 million. Eileen McAnneny, the foundation's president, said with the economy still in flux, and the long-term effect of the pandemic on the workplace unclear, lawmakers should halt the push to tax top earners.