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Lawmakers Set To Vote On Including Wealth Surtax On The 2022 Ballot

On Eve of Tax Vote, Study Predicts Job Losses - Banker & Tradesman

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.

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