The Legislature's Tax Hike Amendment to the Massachusetts Constitution will go before voters in November. If passed, this 80% increase would be the largest in state history. Not only would the tax fall primarily on retirees and small businesses, but it would also exacerbate the flight of talent and wealth from Massachusetts, hand a blank check to legislators when the state is already flush with billions of dollars in revenue surpluses, and—because the Amendment would alter the Constitution—would take many years to reverse if passed.
On Tuesday, July 19 at 8:00 AM, the Massachusetts High Technology Council will present a virtual Policy Series discussion on the Tax Hike Amendment and how it would upend one of the best economies in the nation with the Pioneer Institute.
Focused on Pioneer’s new book, "Back to Taxachusetts?," a distillation of 24 studies conducted by the Institute examining the damaging impact of the proposed Amendment, the online event will feature commentary on whom the proposed Amendment would affect, why it would likely lead to an exodus of homeowners, retirees, and small business owners, and how this outmigration would cause significant harm to Massachusetts' economy. There will be a Q&A session following the discussion, and all who attend will receive a complimentary copy of the book.