DUKAKIS SIGNS MASSACHUSETTS TAX HIKE

Massachusetts residents are getting their largest income tax hike in a decade under a $740 million temporary increase signed into law by Gov. Michael Dukakis Wednesday. The tax package raises the income tax rate from 5 percent to 5.75 percent for 18 months to pay off a fiscal 1989 deficit and millions of dollars in medicaid bills.

The legislature rebuffed Mr. Dukakis's call for permanent taxes in the fiscal 1990 budget, but accepted the temporary increase.

You've read 3 of 3 free articles. Subscribe to continue.
QR Code to DUKAKIS SIGNS MASSACHUSETTS TAX HIKE
Read this article in
https://www.csmonitor.com/1989/0728/atax.html
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe
CSM logo

Why is Christian Science in our name?

Our name is about honesty. The Monitor is owned by The Christian Science Church, and we’ve always been transparent about that.

The Church publishes the Monitor because it sees good journalism as vital to progress in the world. Since 1908, we’ve aimed “to injure no man, but to bless all mankind,” as our founder, Mary Baker Eddy, put it.

Here, you’ll find award-winning journalism not driven by commercial influences – a news organization that takes seriously its mission to uplift the world by seeking solutions and finding reasons for credible hope.

Explore values journalism About us