At its meeting on Monday, April 4, the Boston Ward 19 Democratic Committee voted to endorse the Fair Share Amendment, which will be on the 2022 ballot.
The Fair Share Amendment is a proposal to amend the Massachusetts Constitution, creating an additional tax of four percentage points on the portion of a person’s annual income above $1 million. The new revenue, approximately $2 billion a year, would be spent on “quality public education and affordable public colleges and universities, and for the repair and maintenance of roads, bridges and public transportation.” To ensure that the amendment continues to apply only to the highest income taxpayers, who have the ability to pay more, the $1 million threshold would be adjusted each year to reflect cost-of-living increases.
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