A ballot question proposed for this fall’s Massachusetts statewide elections would roll back the state income tax from five percent to four percent over three years. Supporters believe the tax cut could save the average taxpayer about $1,300 annually and increase the state GDP.
The Massachusetts Budget Policy Center opposes the ballot initiative, suggesting it would cost the Commonwealth billions in annual revenues and force deep budget cuts that would be impactful.
Massachusetts Governor Maura Healey also opposes the income tax rollback. Healey recently told WCVB-TV’s On the Record program that voters would see “65 percent of all funding for education go away” if the initiative is approved…