Interested in learning more about how the Fiscal Year (FY) 2022 House Ways and Means (HWM) budget proposal and federal aid impacts our state budget? Learn more in the presentation from our KIDS COUNT Director, Nancy Wagman, and Senior Policy Analyst, Monique Ching, for a recent presentation to the Massachusetts Public Health Association’s Health Equity Task Force.
- Nancy Wagman , Monique Ching
- April 27, 2021
- Blog, Health, Presentation
The State of FY2022 HWM Budget & Where We Go From Here
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Estate Tax Cuts Worsen Our Large Racial Wealth Gap
If lawmakers cut the Massachusetts estate tax, it is a small number of high-income, white households that will receive the overwhelming share of the benefits. These cuts would worsen the problem of wealth inequality and undermine our ability to address the problem.
Estate Tax Cut Proposals Are Costly and Poorly Targeted – Alternative Solutions Exist
Current estate tax proposals would lead loss of state revenue would reduce the Commonwealth’s ability to make crucial investments, while having regressive impacts on racial and economic equity. The state should seek alternatives.
