Category: Taxes

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New IRS Data Points to Affordability and Not Taxes as the Cause of Massachusetts Outmigration

Read MassBudget’s initial statement about the Internal Revenue Service (IRS) state-to-state, county-to-county, and gross migration data for the United States on March, 19, 2026. Data ...
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New IRS Migration Data Shows No Evidence of Surtax-Driven Outmigration, Highlights Affordability Challenges

*This statement has been updated to clarify what dates are covered by the data.* Boston, MA — The Massachusetts Budget and Policy Center (MassBudget) finds ...
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Proposed Income Tax Cuts in Massachusetts Would Benefit Households with Highest Incomes and Force Deep Public Cuts

The Affordable Homes Act (AHA), a five-year bond bill signed in August 2024, authorized a wide range of capital housing investments through bond spending. Bond ...
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Protecting Massachusetts Revenue: Examining Governor Healey’s Proposed Response to OB3 Federal Corporate Tax Cuts

The Affordable Homes Act (AHA), a five-year bond bill signed in August 2024, authorized a wide range of capital housing investments through bond spending. Bond ...
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MassBudget Responds to Governor Healey’s Proposal to Preserve Hundreds of Millions in State Revenue

The Massachusetts Budget and Policy Center (MassBudget) commends Governor Healey for taking an important first step today to preserve critical state revenue in the current ...
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MassBudget Statement on the FY 2027 Consensus Revenue Estimate (CRE)

MassBudget statement released on 1/14/26 at 4:30PM “Today the Governor, Senate President, and Speaker of the House jointly announced the Fiscal Year (FY) 2027 Consensus ...
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Expiring Federal Health Tax Credits Could Cost Massachusetts Residents Thousands

The enhanced federal Premium Tax Credits (PTCs) have helped millions of people afford health insurance through the Affordable Care Act (ACA) marketplaces. Without congressional action, ...
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Protect Massachusetts’s Fiscal Stability: Which OB3 Tax Changes to Opt Out of and Why

Unfortunately, changes to the federal corporate tax code included in the “One Big Beautiful Bill Act” (OB3) will make our state fiscal situation worse. Many ...
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MassBudget calls for Massachusetts to opt out of the five most costly corporate tax changes in the federal OBBBA

As Massachusetts policymakers seek to build a more equitable and resilient Commonwealth, the recent corporate tax changes in the federal "One Big Beautiful Bill" Act ...
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Show Me the Money: Cannabis Revenue, Spending, and Equity in Massachusetts

Key Takeaways Since the legalization of recreational, adult-use cannabis in 2016, cannabis sales in Massachusetts have generated nearly $2 billion in state and local revenue, ...
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