Several business groups are readying a lawsuit against a ballot question that calls for a 4 percent surtax on people who earn more than $1 million a year.
Several business groups are readying a legal challenge aimed at stopping a ballot question that would raise taxes on the state’s highest earners.
The Massachusetts High Technology Council said in a newsletter to members that a formal complaint would be filed with the state’s highest court within weeks against the so-called « millionaire tax. »
The proposed constitutional amendment would impose a 4 percent surtax on any portion of personal income exceeding $1 million a year.
The council and other business groups say the measure would hurt the economic climate in Massachusetts and disrupt the state’s budgetary process.
They say the lawsuit will make « compelling constitutional arguments » against the legality of the ballot initiative.
Supporters of the millionaire tax have stated they’re confident the proposal will stand up to a court challenge.
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