The commonwealth of Massachusetts, already staggering from a millionaire’s tax that voters approved in 2022 by a 52-48 percent margin, took another hit this month after the Bay State’s highest court torpedoed a ballot initiative that would have cut the state’s base income tax rate to 4 percent from the current 5 percent. In a June 18 ruling , the state’s Supreme Judicial Court ordered the initiative kept off the state’s November ballot on the grounds that a summary prepared by the attorney

Tag-uri: Referendum