According to State House News, Rep. William Brownsberger (D-Belmont) has proposed a bill that will create a graduated income tax in the Commonwealth. It will raise the tax rate to an outrageous 7.5% for the “wealthiest” Massachusetts residents. Anyone who makes over $140,000 will be hit hard with the new tax rate and those who make under $20,000 will see an increase in their exemption.
This has been tried several times in the past and has always failed. Let’s hope this stupid idea fails again.
According to State House News several Democrats are planning on a fall listening tour around the state to discuss changes to the tax code.