Push for Millionaire’s Tax Spreads

The class envy is getting deeper and against the backdrop of Senator Elizabeth Warren’s push for a federal wealth tax on assets, state efforts to adopt excise taxes and surcharges on income levels are becoming more pronounced. For 2019 legislative sessions, no fewer than a half dozen states are now seriously entertaining millionaire taxes. New…

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NJ Governor Wants Millionaire Tax

New Jersey Governor Phil Murphy continues to push for so many of the progressive programs and initiatives that were blocked in prior years by his republican predecessor, Chris Christie. This latest initiative, incorporated in the Governor’s $38.6 billion state budget for FY20, seeks to expand the universe of the multi-millionaire tax (incomes over $5 million)…

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Targeting Success

Newly announced presidential candidate Senator Elizabeth Warren (D-MA) has gotten much of the coverage on raising taxing of late with her plan to levy a 2% tax on assets over $50 million, but failed 2016 (and likely 2020) democratic Presidential candidate Senator Bernie Sanders (I-VT) is determined to penalize success as well. Staying in class…

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It’s Baaaaaaack!

For those who thought the idea of the so-called Millionaire Tax had run its course, think again. You will recall that Massachusetts advocates had teed up a ballot question for last November’s ballot that would have allowed the Bay State to apply a 4% surcharge to incomes over $1 million. The Massachusetts Supreme Court ultimately…

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Ballot Initiative Battles

Efforts to implement more progressive policies as relates employment laws issues has shifted over the past several years to the ballot initiative process – and with a fair amount of success unfortunately. That trend appears to be continuing in a couple of recent examples. Recent polls indicate that a ballot initiative in Massachusetts that would…

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Massachusetts Court Questions Millionaire Tax

In oral arguments before the state Supreme Court this week, a number of the justices raised some pointed questions about the constitutionality of the ballot proposal. As approved for the 2018 ballot, the Massachusetts “millionaire tax” would add a 4 percent tax on earnings over $1 million and incorporate that ‘surcharge’ into the state constitution.…

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MA Retailers Push Tax Cut

In Massachusetts, one of the blue-est of blue states, it may be the ultimate longshot, but the Retailers Association of Massachusetts (RAM) is undeterred and moving forward with a ballot initiative to lower the state sales tax. Currently pegged at 6.25 percent, the state sales tax would drop to 5% effective January 2018 if the…

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Business Challenges MA Millionaire Tax Question

Business interests in Massachusetts, led by the Massachusetts High Tech Council, Associated Industries of Massachusetts and the Massachusetts Taxpayers Foundation among others, have initiated litigation challenging the placement of the so-called Millionaire Tax on the state ballot in November. The action, filed with the state Supreme Court this week, asks the court to declare the…

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Seattle Mayor Resigns, Millionaire Tax Challenged

Seattle Mayor Ed Murray, who dropped his campaign for reelection back in May, resigned this week as Mayor in the face of the fifth person (this one his younger cousin) coming forward to accuse him of child sexual abuse. Murray officially vacated the office effective at 5PM on Wednesday and City Council President Bruce Harrell…

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Mass AG Clears 21 Ballot Questions

Another minimum wage hike is only one of the 21 ballot initiatives covering 18 different topics that Massachusetts Attorney General Maura Healey advanced this past week toward the November ballot. At this point, the AG only certifies that the questions do not violate the state constitution, clearing the way for the proponents to go to…

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