The Commonwealth has responded to the COVID-19 pandemic and its economic consequences by implementing several bold new federal unemployment policies that are also supported with federal funds. These have provided crucial protection to many workers and the economy, though undocumented workers have been excluded. Since late April, the greatest volume of unemployment claims have been for a new program for workers traditionally ineligible for unemployment insurance. Without new federal legislation, this program will expire at the end of the year. The federally-funded $600 enhancement to weekly benefits will expire at the end of July. The loss of these benefits would hurt many workers and slow the state’s economic recovery.
Testimony supporting legislation for state stimulus checks for taxpayers excluded from federal benefits because they pay taxes with an Individual Tax Identification Number (ITIN) instead of a social security number.
Anyone concerned about Massachusetts' economic recovery should be worried about state and municipal budget cuts. This is not the time for austerity. Avoiding budget cuts through targeted tax increases is the best way to build a strong recovery in Massachusetts. Learn more in the latest on our Blogs & Briefs publication.
Bringing in the Relief Part I: Federal Fiscal Relief for our State Budget is Critical for a Strong, Just Recovery
For more on federal fiscal relief, read That’s A Relief Part I: Federal Fiscal Relief to Massachusetts in Recently-Passed Legislation and That’s A Relief Part II: Federal Fiscal …
What were the tax breaks provided to the wealthy and businesses in the CARES Act? What is the cost of these tax breaks? Learn how these tax breaks could impact the Commonwealth's recovery from COVID-19.
Read the full statement by Marie-Frances Rivera, president of the Massachusetts Budget and Policy Center (MassBudget), in response to the Governor’s Reopening Massachusetts plan amid the COVID-19 pandemic.
A new tax subsidy initially approved two decades ago, the state charitable deduction, is set to automatically go into effect in January 2021, reducing revenue by $300 million annually. Are there ways to stem revenue loss and limit the subsidy to high incomes? Learn more about what the state charitable deduction could mean for the Commonwealth amid COVID-19.
Introduction Quality early education and care (EEC) is not only critical for helping young children to learn and grow, it’s also vital to our economy …
How has the crisis affected the state budget and what does this mean? MassBudget has compiled the answers to some commonly asked questions and we want to hear from you. Read the latest and share your thoughts!
A college degree is an important first step for many to pursue their dreams. Unfortunately, this dream is increasingly out of reach for many students from low-income backgrounds, including students of color and non-traditional students.