Richard Solomon, “Do Millionaire Surtaxes Lead to Millionaire Exodus?,” People’s Policy Project, November 17, 2025.
“On a political level, passing Fair Share was a Herculean effort that squeaked by at 52% yes-vote, even in deep-blue Massachusetts. This might present a challenge for those seeking to replicate the strategy elsewhere. I spoke with Jonathan Cohn, policy director at Progressive Mass, as well as Enid Eckstein who served on the steering committee for the organization Raise Up that led the fight for Fair Share. According to them, Raise Up created a winning coalition for the amendment, backed by service worker, building, and teacher unions, even the AFL-CIO. The campaign survived a Supreme Court objection by finding a runaround through constitutional convention. Raise Up came out early on TV ads, canvassed nearly a million doors, and had disciplined messaging on earmarking funds and the home-selling issue.”
The wealthy were caught off guard by the amendment’s passage. Cohn told me that right-wing interests, having realized that repealing the millionaire surtax is a losing battle, are now collecting signatures to reduce state income taxes as a whole. According to Eckstein, the task ahead is not just staving off relapse to a more regressive tax structure but extending progressive gains to a corporate fair share tax on excess profits concealed offshore. Finally, as the People’s Policy Project has argued, further inroads against inequality and poverty will require plans to socialize capital income and fund generous welfare states.