DUKAKIS SIGNS MASSACHUSETTS TAX HIKE

Massachusetts residents are getting their largest income tax hike in a decade under a $740 million temporary increase signed into law by Gov. Michael Dukakis Wednesday. The tax package raises the income tax rate from 5 percent to 5.75 percent for 18 months to pay off a fiscal 1989 deficit and millions of dollars in medicaid bills.

The legislature rebuffed Mr. Dukakis's call for permanent taxes in the fiscal 1990 budget, but accepted the temporary increase.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK