The Greater Boston Chamber of Commerce has blasted the proposed bump in state income tax from 5% to 9% on earnings over $1 million as an “unnecessary financial hit.”
Is the proposed 4% surtax on income over $1 million a reliable way to invest in education and transportation, or a sure-fire method to convince more people to avoid calling Massachusetts home?
That question, and other divides over the constitutional amendment before voters in ballot Question 1, drove the conversation Wednesday as leading advocates for and against the so-called made their cases to members of the Needham-based Charles River Regional Chamber. Moderated by chamber President Greg Reibman, the virtual panel featured Andrew Farnitano, communications director for Fair Share for Massachusetts, and Eileen McAnnenny, president of the Massachusetts Taxpayers Foundation.
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