Proposition 80

March 26, 2018

Inadequate Inflation Adjustment Factor Will Subject Increasing Numbers of People to So-Called “Millionaires” Tax

Would take particular toll on those relying on home value appreciation to fund retirement BOSTON – The tax hike on those with annual taxable incomes of $1 million or more that would result from a proposed amendment to the state constitution scheduled...
March 7, 2018

Proposition 80 Won’t Generate $1.9 Billion Annual Projected Revenue

Passage of November 2018 ballot measure will make Massachusetts far less competitive BOSTON – Passage of Proposition 80, the tax hike proposal scheduled to appear on the November 2018 Massachusetts ballot, will fail to generate the level of revenue growth projected by...
March 2, 2018

Proposition 80 Will Increase Out-Migration of High Earners and Businesses

Passage of November 2018 ballot measure would jeopardize Massachusetts’ long-term economic health BOSTON – Passage of Proposition 80, the tax hike proposal scheduled to appear on the November 2018 Massachusetts ballot, would accelerate migration out of Massachusetts, especially to Florida and New...
February 13, 2018

Study: New Federal Tax Law Would Exacerbate Economic Damage of Prop 80

This report earned media coverage on WGBH radio, WBZ radio, and Fox 25 TV, Bloomberg radio; The Boston Globe, the Associated Press, MassLive/The Springfield Republican, Newburyport News, Gloucester Times, Salem News, Lawrence Eagle-Tribune, Greenfield Recorder, CommonWealth magazine, and The Lowell Sun. Cap on state...
February 7, 2018

Op-ed: Connecticut example argues against millionaires' tax

This op-ed appeared in The Boston Business Journal on February 7, 2018 It all sounds so simple. Just slap a four-percentage-point surcharge on all annual income over $1 million and use the supposed $1.9 billion windfall to fund education and transportation. It sounds...
February 6, 2018

Pioneer Institute and the Tax Foundation File Amicus Brief in Graduated Income Tax Ballot Initiative Case

Brief argues that Proposition 80 violates the state constitution, would result in harmful fiscal policy BOSTON – PioneerLegal, Pioneer Institute’s public-interest law initiative, together with the Tax Foundation, has filed an amicus brief with the Supreme Judicial Court in support of the...
January 25, 2018

New Study Looks to Connecticut as Cautionary Tale for Impact of Proposed Ballot Initiative Hiking Taxes

Hear Greg Sullivan discuss this report on Bloomberg Radio. Raising taxes on companies and high earners has resulted in less revenue, exodus of large employers and wealthy individuals BOSTON – Proponents of a 2018 statewide ballot initiative that would add a surcharge...
October 17, 2017

Study: Proposition 80 Would Give MA 2nd Highest Combined State & Federal Capital Gains Tax Rate in U.S.

Read coverage of this report in the Boston Herald: “Study: ‘Millionaire’s tax’ would hurt state” and the Boston Business Journal: “‘Millionaires’ tax’ would make Mass. an outlier in capital gains tax, says group” Unlike federal government, gains could move taxpayers into higher...