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Select Page On Eve of Tax Vote, Study Predicts Job Losses By State House News Service | Jun 9, 2021 | Reprints | Print A day before lawmakers plan to vote on whether to put a constitutional amendment on the 2022 ballot to raise taxes on the wealthy, opponents are challenging the assertions by Democratic leaders that it could raise $2 billion for education and transportation with new research suggesting the tax would cost jobs and produce significantly less new revenue. A study done by the Beacon Hill Institute for Public Policy Research estimates that if wealthy earners in Massachusetts were forced to pay a 4 percent surtax on all income over $1 million it would generate $1.23 billion in new taxes in 2023.

United statesHill instituteBeacon hillWest boylstonRon marianoJason lewisAndrew farnitanoKaren spilkaDavid tuerckSupreme judicial courtRevenue serviceDepartment of revenueMassachusetts fiscal alliance foundationResearch william burkeBeacon hill institute for public policy researchStanford university