<p>Voters in <a href="http://dailywire.com/topic/massachusetts" target="_blank" rel="noopener">Massachusetts</a> approved a significant <a href="http://dailywire.com/topic/taxes" target="_blank" rel="noopener">tax hike</a> on millionaires while voters in <a href="http://dailywire.com/topic/california" target="_blank" rel="noopener">California</a> rejected a similar measure, even though residents of both states granted overwhelming electoral victories to <a href="http://dailywire.com/topic/democratic-party" target="_blank" rel="noopener">Democrats</a> and are among the most heavily taxed in the nation.</p>
<p>Residents of Massachusetts were presented with a possible constitutional <a href="https://ballotpedia.org/Massachusetts_Question_1,_Tax_on_Income_Above_$1_Million_for_Education_and_Transportation_Amendment_(2022)" target="_blank" rel="noopener">amendment</a> creating a 4% tax on income above $1 million, which would add to the commonwealth’s existing 5% flat-rate income tax in order to fund education and transportation. The ballot measure, Massachusetts Question 1, passed 52% to 48%, with most precincts reporting as of Monday.</p>
<p>Sen. Elizabeth Warren (D-MA) and Rep. Ayanna Pressley (D-MA) were among the elected officials who supported the policy. In an <a href="https://www.bostonglobe.com/2022/10/25/opinion/yes-vote-question-1-will-expand-opportunities-everyone/" target="_blank" rel="noopener">opinion piece</a> for the Boston Globe, the lawmakers wrote that Question 1 represented “a chance to make sure everyone pays their fair share in taxes.”</p>
<p>Meanwhile, residents of the Golden State were presented with California Proposition 30, a <a href="https://ballotpedia.org/California_Proposition_30,_Tax_on_Income_Above_$2_Million_for_Zero-Emissions_Vehicles_and_Wildfire_Prevention_Initiative_(2022)" target="_blank" rel="noopener">measure</a> that would have increased taxes on personal income above $2 million by 1.75% to increase funding for zero-emission vehicle infrastructure and wildfire prevention. Voters rejected the proposal 59% to 41%, with one-third of precincts reporting.</p>
<p>A recent policy from the California Air Resources Board will <a href="https://www.dailywire.com/news/california-asks-residents-to-avoid-charging-electric-vehicles-due-to-blackout-risk-days-after-unveiling-new-gas-car-ban" target="_blank" rel="noopener">require</a> all new vehicles to be zero-emission by 2035. Experts have warned, however, that the state’s electric grid will require significant upgrades to manage a rapid transition away from internal combustion vehicles.</p>
<p>With an effective tax rate of 13.5%, California is among the most heavily taxed states in the country, according to an <a href="https://taxfoundation.org/publications/state-local-tax-burden-rankings/" target="_blank" rel="noopener">analysis</a> from the Tax Foundation. Massachusetts has a tax burden of 11.5%, likewise placing the commonwealth among the most aggressively taxed states.</p>
<p>Wealthy Americans already provide an outsized share of federal tax revenue, even when compared to the rich in other developed countries, according to another <a href="https://taxfoundation.org/rich-pay-their-fair-share-of-taxes/#Burden" target="_blank" rel="noopener">report</a> from the Tax Foundation, which noted that the top 1% of earners paid more than 40% of federal income taxes in 2018. Warren nevertheless <a href="https://www.dailywire.com/news/elizabeth-warren-proposes-ultra-millionaire-wealth-tax" target="_blank" rel="noopener">proposed</a> a federal “ultra-millionaire” tax last year that would institute a 2% annual tax on households and trusts with net worths above $50 million. Any households and trusts with a net worth of more than $1 billion would pay another 1% annual surtax.</p>
<p>“A wealth tax is popular among voters on both sides for good reason: because they understand the system is rigged to benefit the wealthy and large corporations,” she asserted. “As Congress develops additional plans to help our economy, the wealth tax should be at the top of the list to help pay for these plans because of the huge amounts of revenue it would generate.”</p>
<p>Amid the differing outcomes on tax hikes for the wealthy, residents of Massachusetts and California chose members of the Democratic Party to control both chambers of their respective legislatures. Governor Charlie Baker (R-MA) will be replaced by Massachusetts Attorney General Maura Healey, granting the Democrats a governmental trifecta in the commonwealth for the first time in nearly a decade.</p>
<p>The midterm elections were underwhelming for Republicans across the country after a widely anticipated red wave failed to materialize. Democrats <a href="https://ballotpedia.org/State_legislative_elections,_2022" target="_blank" rel="noopener">seized control</a> of multiple legislative chambers in battleground states such as Pennsylvania, Michigan, and Minnesota.</p>

<script async src="https://www.tiktok.com/embed.js"></script>
<script async src="https://www.instagram.com/embed.js"></script>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><div data-widget-host="revcontent" data-pub-id="165152" data-widget-id="290588"></div><script src="https://delivery.revcontent.com/165152/290588/widget.js"></script>

One Blue State Passes, Another Blue State Rejects Hefty New Taxes On Millionaires

CONTINUE READING

Bud Light Sales Continue To Plummet, May Soon Lose Status As Number-One Beer

‘Profoundly Christian’: Former Head Of Anglican Church Presses British Government To Endorse Assisted Suicide

Ben Shapiro Reacts To Debt Limit Deal, Hits Both Democrats And Republicans Over Spending Habits

‘The Chosen’ Defends Pride Flag Spotted On Set: ‘Let The Show Speak For Itself’

Chick-Fil-A Faces Backlash As Their Diversity Efforts Resurface, Other Woke Brands Take Beating

North Korea Sentenced Two-Year-Old To Life In Prison After Family Caught With Bible: State Department

News

2022 Election

2022 Midterms

California

Elections

Massachusetts

Politics

Taxes

Wealth Tax

A video goes viral showing a baby being refused his mother by two gay "dads". This is just the tip of the iceberg, which is why we will have an important discussion today about surrogacy. 

Hour 1

The Matt Walsh Show

Ep. 1765 - This Video Is One Of The Worst Things I've Seen In A Long Time 

The Strait of Hormuz officially opens for business (kind of), the Pope makes “shocking” comments on immigration, and President Trump promises UFO disclosure at TPUSA. 


The Michael Knowles Show

Ep. 1956 -  Pope Leo's "SHOCKING" Immigration Comments EXPLAINED

A false miscreed has corrupted our leadership class.


The Andrew Klavan Show

Ep. 1275 - Dumb, Dumber and Progressive

President Trump announces a 10-day ceasefire between Lebanon and Israel, a murder-suicide involving former Democratic Lieutenant Governor Justin Fairfax shakes Virginia, and France and Britain hold a conference to secure the Strait of Hormuz – after the Iranian conflict ends. Get the facts first with Morning Wire.

- - -

Ep. 2738

- - -

Wake up with new Morning Wire merch: https://bit.ly/4lIubt3

- - -

Today's Sponsors:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text 'WIRE' to 83848 to learn more.

Pocket Hose - Text MORNING to 64000 to get a FREE pocket pivot and their 10-pattern sprayer with the purchase of ANY size Copper Head hose. Message and data rates may apply.

Morning Wire

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26 [Member Exclusive]

A ceasefire goes into effect between Israel and Lebanon, a tragic murder-suicide rocks Virginia, and Dairy Queen deploys AI in the drive-thru. Get the facts first with Evening Wire.
- - -
Ep. 2737
- - -
Wake up with new Morning Wire merch: https://bit.ly/4lIubt3 
- - -
Today’s Sponsor:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text “WIRE” to 83848 to learn more.


Evening Wire: Lebanon Ceasefire Begins & Murder-Suicide Rocks VA | 4.16.26

The Pendragon Cycle

Menu

— News —

One Blue State Passes, Another Blue State Rejects Hefty New Taxes On Millionaires