Analysis

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,...

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