Proposed Massachusetts ‘millionaire tax’ question heading to 2018 ballot
By: Ian Abreu
A proposed “millionaire tax” constitutional amendment is heading to the 2018 ballot after Massachusetts lawmakers voted 134-55 on Wednesday, June 14, 2017 to place the measure before voters.
Under this proposal, individuals with annual incomes above $1 million would be subject to a 4% surtax. This surtax would only apply to portions of income over $1 million. The current income tax rate is 5.1 percent.
If you would like to communicate with your elected state senator and or representative about this proposal and make your voice heard, you can do so by following this link: https://malegislature.gov/Search/FindMyLegislator
Compromise Reached on Health Assessment
By: Ian Abreu
Thanks to the lobbying and advocacy of Chambers, Associations and the business community all throughout the Commonwealth, Massachusetts Governor Charlie Baker has deviated from his original $2,000 per worker penalty assessed on employers who employ more than 10 full time workers if they do not provide what has been defined as “adequate” health insurance.
The new proposal calls for an increase in the “Employer Medical Assistance Contribution” levied on all employers with six or more employees from a maximum of $51 per employee to $77 per employee. This new assessment is expected to generate approximately $75 million in new state revenues for FY 18’.
The second tier assessment would also apply to companies with six or more employees and be capped at $750 per non-disabled employee who chooses to enroll in Mass Health instead of an employer-sponsored health insurance plan.
The Baker administration expects to collect $125 million from the tier-two penalties, which are designed to target companies whose workers are contributing to the state’s rising Medicaid expenses by opting for public plans, if income-eligible, instead of private coverage.
If you would like more analysis on this new proposal, please click here to read the latest commentary from the “Commonwealth Magazine.”
First Joint Meeting of the “Southeastern Massachusetts Legislative Alliance” Scheduled
By: Ian Abreu
The SouthCoast Chamber continues to strengthen our regional government affairs approach, and as such, have formed the “Southeastern Mass Legislative Alliance,” which will consist of our Chamber, the Bristol County Chamber (formally the Fall River Chamber), Cape Cod Canal Region Chamber and others.
As a member of our Chamber, we would like to extend an invitation to all of you to attend our first joint meeting, in which we will discuss the alliance, next steps, etc.
Time & Date: Friday, July 21st @ 8 a.m.
Location: Bristol County Chamber of Commerce, 200 Pocasset St., Fall River, Ma 02721
(We will be joined by special guest speaker, Congressman William Keating, 9th Congressional Representative.)
We hope you all will be able to adjust your summer schedules accordingly so you can attend.