NFIB State Director Christopher Carlozzi released the following statement today in response to the Massachusetts Supreme Judicial Court’s decision striking the income-tax surcharge question from the November ballot:
“Small-business owners throughout the commonwealth are celebrating today’s Massachusetts Supreme Judicial Court ruling that prevents a 4-percent income tax surcharge from appearing on the November ballot
“The impact of a 9.1-percent income tax would have been both unfair and severely devastating to Main Street businesses that file as pass-through entities. I was proud to serve a plaintiff in this case to help protect the rights of small-business owners.
“It is estimated that roughly 75-percent of small employers are organized as pass-through entities. They are predominantly small, independent entrepreneurs and Main Street businesses, not the high-income earners that proponents of this initiative claimed to target. Taxing small businesses that chose to file as pass-through entities would have strongly inhibited business growth, especially in capital-intensive industries like manufacturing and agriculture, while harming the Massachusetts small-business economy.”
NFIB is the nation’s leading small-business association. To learn more about NFIB in Massachusetts, visit www.NFIB.com/MA or follow @NFIB_MA on Twitter.
