April 19, 2019

Capital gains eyed by state rep. as way to boost revenue

Katie Lannan ,

State House News Service / The Lowell Sun

Massachusetts Taxpayers Foundation President Eileen McAnneny said lawmakers should be "very careful"in considering changes to the capital gains tax rate, warning of potential unintended consequences like discouraging people from investing or saving. McAnneny noted that money a person invests has often already been taxed when it is earned as income.