Making sense of the state budget, taxes, and the Governor’s FY22 proposal

Click here for a PDF of the slide deck shown in this briefing.

Resources mentioned are linked below.

MassBuget’s Budget Browser tool
Memo on PPP deductibility
MassBudget’s tax research
Corporate taxes:
- Rising Profits, Falling Tax Shares
- Increasing the corporate income tax rate
Report on GILTI, published before COVID
Increasing the tax rate on unearned income
“Millionaire migration”:
- Factsheet
- What has happened in other states?

Latest

MassBudget Statement on the 2023 Tax Relief Package

MassBudget Staff September 26, 2023 Budget Resources Statement Taxes

Today, the conference committee presented the biggest package of tax changes in 15 years. We commend them for taking important steps to improve affordability for

Testimony in Support of Raising the Minimum Wage

Phineas Baxandall September 26, 2023 Jobs & the Economy Testimony

MassBudget's Policy Director Phineas Baxandall urges the Joint Committee on Labor & Workforce Development to pass a bill to increase the minimum wage out of

New Census Data Highlights Need for Family Tax Credits Waiting in State House

Jason Wright September 22, 2023 Jobs & the Economy Kids Taxes

While the Massachusetts Legislature debates two versions of expanded tax credits to improve affordability for families, new census data dramatically show what a difference these