Failed Mass. Ballot Shows Fading Support For Millionaires' Tax

Law360 (June 20, 2018, 4:25 PM EDT) -- A business coalition's successful challenge to a Massachusetts ballot initiative to establish a special tax on income above $1 million highlights waning political support for such measures in the years since the Great Recession, when states attempted to use them to plug large budget holes.

Such "millionaires' taxes" as sought in Massachusetts usually poll well with the public. And many politicians seem to sign onto them. But then that zeal meets opposition from business and taxpayer groups, and the political lift to actually getting such a tax passed becomes heavy enough that the effort collapses.

In the Bay State, for example,...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!