Strengthen the Commonwealth

Strengthen the Foundation of the Commonwealth Act: A Starting Point for Progressive Taxation - H.2851 -

  • Raises the tax rate on interest, dividends, and long-term capital gains from 5.0% to 8.95%

  • Removes the step-up in basis used to calculate capital gains tax on inherited assets

  • Increases the minimum corporate excise tax above the fixed baseline of $456, which has remained unchanged for decades

the decision makers

Joint Committee on Revenue

Who on committee has co-sponsored:

state senators:

Susan Moranred x
Susan Moran (D)

chair

Michael Bradyred x
Michael Brady (D)
Brockton

chair

Rebecca Rauschred x
Rebecca Rausch (D)
Needham
Ryan Fattmanred x
Ryan Fattman (R)
Sutton
Lydia Edwardsred x
Lydia Edwards (D)
Boston
Michael Moorered x
Michael Moore (D)
Millbury

state representatives:

Mark Cusackred x
Mark Cusack (D)
Braintree

chair

David Linskyred x
David Linsky (D)
Natick

chair

Colleen Garryred x
Colleen Garry (D)
Dracut
Francisco Paulinored x
Francisco Paulino (D)
Susannah Whippsred x
Susannah Whipps (I)
Athol
Erika Uyterhoevengreen check
Erika Uyterhoeven
Jeffrey Turcored x
Jeffrey Turco (D)
Christopher Markeyred x
Christopher Markey (D)
Dartmouth
Brandy Fluker-Oakleyred x
Brandy Fluker-Oakley (D)
Michael Soterred x
Michael Soter (R)
Bellingham
David Muradianred x
David Muradian (R)
Grafton

Who has co-sponsored:

History of the bill

2023

Mar 2022

Reintroduced as H.2851

Feb 2022

Sent to Study

2022

Mar 2021

Hearing scheduled with Joint Committee on Revenue

2021

Nov 2020

Sent to study

2020

Jan 2019

Bill filed for the first time

Oct 2019

Hearing scheduled with Joint Committee on Revenue

2019