Massachusetts House Democrats have disclosed a tax relief and reform bill Tuesday and plan to bring it to a vote on the House floor Thursday. The proposal would cut Massachusetts' short-term capital gain rates from 12% to 5% over a two-year period.
Massachusetts House Democrats have disclosed a tax relief and reform bill Tuesday and plan to bring it to a vote on the House floor Thursday. The proposal would cut Massachusetts' short-term capital gain rates from 12% to 5% over a two-year period. Previously, House Democrats opposed the cuts when Gov. Charlie Baker pushed for rate relief.
The tax relief proposal that we released today will help to make Massachusetts more affordable for residents of all income levels, while also ensuring that the we can be more competitive with other states, without compromising the long-term financial security of the Commonwealth. https://t.
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