The MTA has joined an effort by the Raise Up Massachusetts coalition to raise revenues for education and transportation through an amendment to the state Constitution.
The Raise Up Massachusetts Amendment filed on Aug. 4, 2015, would:
- Add a 4 percentage point tax on the portion of a filer’s income in excess of $1 million. Income tax rates would remain unchanged for the bottom 99 percent of the population.
- Index the $1 million threshold to inflation so that it would never affect anyone but the very wealthiest taxpayers.
- Dedicate the more than $1 billion raised annually to public education, public higher education and transportation infrastructure.