State Senator: “We don’t care whether a capital gains tax is an income tax”
July 2, 2020
By Jason Mercier
With the state’s budget outlook in the news, discussion of a capital gains tax is occurring with greater frequency. There is one piece of information that is consistently left out, however: the fact that a capital gains tax is an income tax. This important detail dramatically changes the political and legal framework for the debate.
On the political side is the fact the vote...