Released: August 25, 2008

Tax revolt brewing in some states

Source: Tom Herman, Wall Street Journal

And to think they used to call it “Taxachusetts.”

On Election Day, Massachusetts will vote on whether to eliminate its state income tax. Advocates hope victory in a place long thought of as a free-spending liberal bastion will pave the way for similar initiatives in other states over the next few years. Critics insist a yes vote would lead to fiscal disaster.

While Americans are focusing on the presidential and congressional races, voters in Massachusetts and other states will decide the fate of dozens of state and local tax and spending issues.

Read Full Article: Tax revolt brewing in some states

Keywords

Income Tax, States