Our state needs to support working families and a strong economy by investing in quality public education.
The Fair Share Amendment would amend the Massachusetts Constitution to create an additional tax of four percentage points on annual income above one million dollars, so only those with the highest incomes would pay a little more. The new revenue generated by this tax would be directed at quality public education, affordable public colleges and universities, and for repair and maintenance of roads, bridges, and public transportation.
To ensure that the tax continues to apply only to the highest income residents, who have the ability to pay more, the one million dollar threshold would be adjusted each year to reflect cost-of-living increases.
The best way to help working families and build a stronger economy for us all is to make sure that we have quality public schools for our children, affordable public higher education, and a transportation system that allows people get to school or work, lets customers get to businesses, and helps everyone fulfill their daily tasks. Without investment in these common goals, working families fall behind and our communities suffer. New revenue is necessary to rebuild crumbling roads, bridges, and paths, improve our public schools, invest in fast and reliable public transportation, make public higher education affordable, expand opportunities for healthy walking and bicycling, and give every child access to high-quality early childhood education and preschool programs.