Small business owners know that an investment in our employees is an investment in our businesses. It's time the state thought that way too. Small businesses need strong, stable, and vibrant communities to keep our businesses strong.
We're proud to pay our fair share of taxes to ensure our state has the necessary revenue to make the kinds of economy-boosting investments our communities rely on, like in education and infrastructure. But for too long, the wealthiest amongst us haven't been paying their fair share to keep our state strong. That's why we've joined with Raise Up Massachusetts to call for everyone in our state to pay their fair share to invest in key programs.
The best way to help working families and build a stronger economy for us all is to make sure that we have quality public schools for our children, affordable public higher education, and a transportation system that allows people get to school or work, lets customers get to businesses, and helps everyone fulfill their daily tasks.
Without investment in these common goals, working families fall behind and our communities suffer. New revenue is necessary to rebuild crumbling roads, bridges, and paths, improve our public schools, invest in fast and reliable public transportation, make public higher education affordable, expand opportunities for healthy walking and bicycling, and give every child access to high-quality early childhood education and preschool programs.
The Fair Share Amendment would amend the Massachusetts Constitution to create an additional tax of four percentage points on annual income above one million dollars, so only those with the highest incomes would pay a little more. To ensure that the tax continues to apply only to the highest income residents, who have the ability to pay more, the one million dollar threshold would be adjusted each year to reflect cost-of-living increases.
The new revenue generated by this tax could only be spent on:
- Quality Public Schools: Students need a well-rounded education, founded on a rich and varied curriculum that includes science, technology, engineering, and math (STEM), music, art, and athletics. We need to re-invest in these programs now to give all of our students access to a complete education.
- Affordable Public Colleges and Universities: Our tuitions and fees are among the highest in the country, and students are forced to take on enormous debt to receive a degree. We need to reinvest in public higher education, to make it affordable for middle and working class students in our state.
- Improved Transportation Infrastructure: For Massachusetts to compete against other regions around the nation and the globe, we need to invest in modern, reliable transportation: safer roads and bridges, public transportation that works, and safe ways to walk and bike. We have a large backlog of neglected bridges, tunnels, roads, and public transportation infrastructure in need of repair. 446 bridges in Massachusetts are structurally deficient and an estimated $14.4 billion of bridge repairs are needed. If we don’t provide the funding soon to deal with these problems they will only get more dangerous and more expensive to solve in the future.
- Early Education and Preschool: Our children need high-quality early childhood education and preschool programs to develop early literacy and math skills, build a foundation for STEM learning, and develop social-emotional skills that help them succeed in school and in life. Investing in high-quality early childhood education and preschool programs is critical to creating greater educational attainment for our children and supporting the future economic growth of Massachusetts.
Main Street Alliance believes in common-sense solutions like the Fair Share Amendment.
Sign on today! Join us in supporting investment in Massachusetts education and infrastructure.