06/18/2026
BREAKING NEWS! 🎉🎉🎉🎉
“The Massachusetts Supreme Judicial Court (SJC) issued a significant and definitive decision today, preventing the income tax ballot initiative from going before voters in November due to an inaccurate and insufficient summary of the proposed question’s effects on residents.
The ballot initiative proposed cutting the state’s income tax rate from 5 percent to 4 percent, which would impact long-term capital gains collections. Long-term capital gains are the profits from selling assets held for more than a year, all of which are heavily concentrated in the highest-income, predominantly white, households. However, the summary of the question, which was shared with signers and voters, completely left out the impact on long-term capital gains. The court’s ruling said this about the ballot initiative's summary: “It is significantly misleading and likely to influence voters” and “[b]ecause this summary materially misstates the true scope of the proposal, it is unfair."
Full statement below:
This is a win for Massachusetts’ residents The income tax ballot question was inaccurately presented to signers and voters. Cutting the income tax - the largest single source of state revenue - would have caused an extraordinary reduction in state revenue with damaging consequences to the state bu...