Word: surtaxable
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...airtime in January bought 10 to 60 second spots focusing on the "high taxes" Dukakis generated during his reign, and on the "relief" King has provided in the past three years. The most casual radio listener or television viewer must now be familiar with what King calls the "Dukakis surtax...
King's tack so far has been rather simple While singling out the 7.5 percent surtax Dukakis imposed on income taxes to pull the state out of its fiscal crisis. King has taken credit for significantly reducing the remaining tax burden for state residents. In his State of the State address in early January, he boldly declared that "Taxachusetts is dead," claiming that taxes have decreased since 1978 by $30 per $1000 of earned income...
...week later, in his financial message. King took credit for a $100 million budget surplus and promised to provide further tax cuts by completely eliminating the "Dukakis surtax...
...King's defenders stand by his record, and will probably continue with the current strategy of pounding on the tax issue until it sticks in the mind of the electorate, figuring that "Dukakis surtax" is much easier to remember than comparative budgetary statistics...
...pledges, a stance he can afford because of his current front runner position. In 1974, he campaigned on the guarantee of no future increases in taxes, a promise he was forced to break in order to deal with a mounting budget deficit. The result was the so-called "Dukakis surtax," a 7.5 percent surtax on state income taxes...