Healey vows to veto attempts to embezzle millionaires’ tax proceeds
Attorney General Maura Healey said Thursday Boston Public Radio that, if elected governor, she would veto any effort by the legislature to divert funds raised by the so-called millionaires tax from their intended purpose of bolstering state education and transportation spending .
That, of course, is a double if: it assumes that Democrat Healey will win the Nov. 8 election against Republican Geoff Diehl (polls suggest she will), and that voters approve Question 1 of the ballot. vote, which would levy a surtax on annual personal income above $1 million (again, the polls favor the “yes” vote).
“In order to have the kind of infrastructure, transportation, and education that we should have here in the state, we need sustainable incomes,” Healey said. “We need income that we can count on. And that’s the whole point of the first question.
Critics of the polling question 1 surtax say there is no guarantee the Legislature will spend any additional funds raised by the surtax on education or transportation.
On the state family tax credit:
Another brick in Healey’s tax policy platform is a proposed $600 child tax credit, which she says will fight inflation by putting money back in the pockets of families. The plan would essentially increase the $700 million in tax cuts proposed by current Gov. Charlie Baker, which focuses on low-income residents and seniors, bringing the theoretical total to more than $1 billion.
Healey argued that these cuts are essential for Massachusetts communities that have been squeezed as a result of COVID-19 and are facing rising inflation.
“It helps make life more affordable for families in the state. I think the cost of not doing that is what’s going to hurt us,” Healey said. “We have a chance, through proper tax reform, to make decisions that will ensure that we are doing what we can to lower the cost of living for people.”
In response to a question about how his administration would be able to sustain so many tax cuts, Healey pointed to a multibillion-dollar funding surplus in the state and reiterated the need for the funding infrastructure. .
“The money is there,” she said. “I think, overall, we need to recognize the kinds of investments we need to make. We need accommodation. We need a means of transport. We need education. So I absolutely think the money is there. There is a way to do it.
On the weather:
Healey also underscored his commitment to creating climate-friendly opportunities in the Commonwealth, reiterating the need to move away from fossil fuels and expand the state’s energy portfolio.
“The reason we’re in the situation we’re in is that we’re so dependent and subservient to global markets and what’s happening with fossil fuels,” Healey said. “I said we were going to create a climate corridor that stretches from the Berkshires to New Bedford with tens of thousands of green jobs.”
“People may not realize all the innovation, the technology that is going to propel our planet away from fossil fuels. Much of it is being developed right here in Massachusetts. We have wind, we have solar, we have storage batteries. … It’s an incredibly exciting time.