It is clear to us that we need more revenue to adequately fund an operating budget that takes care of our state’s needs and the workers who provide these essential services. There are a number of revenue options on the table — capital gains, B&O tax reform, closing tax loopholes, and a carbon fee — to name just a few.
Among other things, the McIntire plan would institute a 5 percent personal-income tax with some exemptions, eliminate the state property tax and reduce business taxes. McIntire argued that an overhaul is necessary because the state’s current tax structure has caused the tax base to shrink over the past few decades. A Constitutional amendment would also establish a three-fifths majority-vote requirement in the Legislature to change taxes.