#InvestInMA is a project of the Campaign for Our Communities. It aims to raise awareness about our need to invest in our Commonwealth -- in our schools, our workforce, and our transportation systems.
Over the last few years, our schools have had to outright eliminate programs in athletics, arts, and more. Our class sizes continue to grow. We've seen our roads and transit systems fall into more disrepair, and too many of our friends and family remain unemployed or underemployed. If we continue down the path of state budget cuts, we risk weakening the economy and making Massachusetts a far less attractive place in which to live and do business.
And yet, we in Massachusetts are fortunate. We know what is required to build strong, secure communities that help all of us succeed. We know that when we work together and invest in ourselves and in our future, that we can have good jobs and good wages, well-maintained roads, solid public transit systems, excellent healthcare, outstanding schools, and safe neighborhoods. In this respect, we remain a model for the nation.
And that is what the Campaign for Our Communities is all about. We represent over 120 organizations that represent thousands of individuals who believe that we must invest in ourselves in a fair and equitable way.
We need to adopt tax reforms that raise revenue in a way that is fair and holds down increases on middle-income families. The reforms supported by the Campaign for Our Communities would restore the state income tax to 5.95 percent and raise the tax rate on investment income to 8.95 percent. Significant exemptions to protect low- and middle-income taxpayers and seniors are a central part of our proposal, and the package is projected to raise approximately $2 billion a year once fully implemented.
We need these revenue reforms to support a broad array of investments that will make our state a better place for our families and create a strong foundation for future economic growth.