BTC BRIEF: The Dead Tax Plan: Just how regressive would it have been?
Key Finding: The proposed $1 billion compromise tax plan released the week of July
20th featured a 1-cent sales tax increase and 2% personal income tax surcharge. This
plan, if enacted, would have required three times more, as a share of income, of the
state’s lowest-income families than of the state’s top 1% of income-earners.