The End of Taxachusetts?
Thanks to the hard work of The Committee for Small Government, the people of Massachusetts have the opportunity to change the rate of their state income tax via a ballot initiative. And what will the new tax rate be?
A nice flat zero.
The same initiative will also end the state’s capital gains tax. A similar measure was first introduced in 2002, and despite early polling that put the measure’s support at 34% or less, it ended up receiving 45.5% of the vote.
This time around, polls are showing a dead heat, with the initiative trailing 46 percent to 45 percent — within the margin of error.
“I don’t think there’s anyone who doubts the possibility we’re going to win this time,” says Carla Howell, chairman of the Committee for Small Government.
“People are angry, the economy is shaky, and people are feeling financially insecure,” Howell says when asked how the Massachusetts political climate has changed since 2002.
She emphasizes the repeal would give the average Massachusetts worker a $3,600 annual tax cut while rolling the state budget back to its 1995 level.
If the measure passes, hopefully it will inspire others to demand similar changes in their own state.
Read more at The American Spectator.