Investments in transportation and education make a significant difference in the Massachusetts economy. Safe roads, structurally sound bridges, and an effective public transit system make it so employees can get work, customers can access businesses, and companies can bring their goods to market. Businesses also need an educated and highly trained workforce, which is why we need investment in preK-12 schools and higher education.
The Fair Share Amendment, Question 1 on the November ballot, would create a 4 percent tax on annual personal income above $1 million. The money generated – $2 billion a year – will be constitutionally dedicated to transportation and public education, so it can only be spent on things like supporting public schools, repairing roads and bridges, improving access to affordable public colleges and vocational education programs, and rebuilding public transportation infrastructure.
The Fair Share Amendment is a tax on personal income over $1 million – business taxes would not increase. It doesn’t matter how much revenue or profit a business has: only business owners or shareholders who earn more than $1 million in personal income in a single year will pay more. And we’ll all benefit from better schools, colleges, roads, bridges, and public transportation.
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