February 24, 2022
PUBLIC FINANCE > Taxes > Income Tax

Against the surtax: No guarantee it'll fund education, transportation

Eileen McAnneny ,

Boston Business Journal

The ballot initiative to impose an income surtax, commonly referred to as the millionaires tax or the fair share amendment, will finally be decided by voters this November. I hope we can put this ill-advised proposal to rest once and for all by rejecting it decisively. Its supporters argue it will provide $2 billion in new revenue for additional education and transportation investments. In reality, the revenue raised will fall far short of that figure, provides no guarantees for new investments and could fundamentally destabilize our economy.