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62F Credits Benefit the Rich
The “tax cap law,” or what is known as “62F,” sets an artificial limit on how much tax revenue Massachusetts can collect, regardless of the ...
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A Blast from the Past: Reagan-Era Tax Law Hits Hard
You are not alone if you had never heard of the Massachusetts “tax cap law,” or what is also known as “62F.” This Reagan-era law sets ...
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A More Generous Compromise: The Legislature’s Fiscal Year 2023 Budget Proposal
The Legislature’s Fiscal Year (FY) 2023 budget released earlier this week by the Conference Committee differs dramatically from both the House and Senate proposals in ...
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Prospects for Investment, Stability, and Growth in Early Education in Massachusetts
As the challenges of the COVID pandemic continue to reverberate across the state, early education and care (EEC) providers persevere every day. Early care centers ...
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Current Estate Tax Proposals Would Give Largest Benefits to Wealthiest Estates; Alternative Method Would Fix This Problem
The tax on inherited estates is Massachusetts’ only tax that directly reduces wealth inequality. Although the pandemic has highlighted disparities between rich and poor families, ...
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When A Surplus Is Not Extra
Sometimes a “surplus” is not really a surplus at all, and the term “tax surplus” can be particularly misleading. A tax surplus occurs when tax ...
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Options for Targeted Tax Relief and a Warning About Estate Tax Changes
June 10, 2022 To: House and Senate Ways and Means Committee members and staff Re: Options for Targeted Tax Relief and a Warning About Estate ...
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Ready for Resolution: The Fiscal Year 2023 Senate Budget
After debate and quick consideration of more than 1,000 amendments, the Senate increased their Fiscal Year (FY) 2023 budget bottom line by more than $90 ...
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Moving the Recovery Story Forward: The Fiscal Year 2023 Senate Ways and Means Budget
The Senate Committee on Ways and Means (SWM) released a budget proposal that illustrates again how a state budget can be a powerful tool for ...
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We’re Not Out of the Woods Yet
“Yesterday, Senate President Karen Spilka rightfully noted the need to balance “targeted spending investments to a number of crucial areas, such as housing, childcare and ...
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