- Associated Press - Sunday, September 17, 2017

BOSTON (AP) - Several business groups are readying a legal challenge aimed at stopping a ballot question that would raise taxes on the state’s highest earners.

The Massachusetts High Technology Council said in a newsletter to members that a formal complaint would be filed with the state’s highest court within weeks against the so-called “millionaire tax.”

The proposed constitutional amendment would impose a 4 percent surtax on any portion of personal income exceeding $1 million a year.

The council and other business groups say the measure would hurt the economic climate in Massachusetts and disrupt the state’s budgetary process.

They say the lawsuit will make “compelling constitutional arguments” against the legality of the ballot initiative.

Supporters of the millionaire tax have stated they’re confident the proposal will stand up to a court challenge.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More

Click to Hide