According to the Massachusetts Budget and Policy Center (MassBudget), an independent group that researches and analyzes the state’s finances, Massachusetts’ business tax levels rank in the bottom fifth of all 50 states. “Massachusetts currently has a favorable business tax environment, despite regular claims to the contrary,” writes MassBudget President Marie-Frances Rivera in the report. She adds that two specific business tax provisions “appear outdated, ineffective, and unnecessarily costly to the Commonwealth.”
The first provision, called the “single sales factor,” is tailored to multi-state corporations in the theory that it would increase manufacturing employment in the state. Instituted in 2000, MassBudget notes that the state lost 40 percent of its manufacturing jobs between 2000 and 2014 and there has been no resurgence since. The tax break has not come close to doing what it was intended to do, and according to MassBudget, will cause the state to lose $400 million in revenue in Fiscal Year 2020. A tax break this ineffective and costly cannot be justified.
Cabral hosted a caucus briefing where Massachusetts Budget and Policy Center analyst Colin Jones laid out the facts of competing school funding proposals and the challenges he sees as inherent in striking a deal.
Supporters of the legislation argued at the hearing that it would make the roads safer for everyone and ease the stress on the state’s roughly undocumented immigrants – many of whom already drive without a license, training or insurance. The Massachusetts Budget and Policy Center estimated last week that there are 185,000 undocumented immigrants in the state.
"Allowing immigrants the right to drive is good for the economy and for your pocket," said Ben Echevarria, Executive Director of The Welcome Project. "The recent MassBudget study shows this bill would add about $6 million to state revenue and would lower individual's annual insurance rates by roughly $20. It's good for our economy and makes our roads safer."
In anticipation of the hearing, Rep. Barber also spoke at a Labor Day Rally in support of the bill, and at a Press Conference to release a report from MassBudget that shows the positive impact this bill would have on our Commonwealth.
Bill To Make Driver's Licenses Available To Undocumented Immigrants Debated At Massachusetts State House
Supporters of the legislation argued Wednesday that it would make the roads safer for everyone and ease the stress on the state's undocumented immigrants â€” many of whom already drive without a license, training or insurance. The Massachusetts Budget and Policy Center estimated Wednesday that there are 185,000 undocumented immigrants in the state.
Allowing undocumented immigrants to acquire driver's licenses could generate millions of dollars in revenue for both the state and for insurance companies, researchers at the Massachusetts Budget and Policy Center said in a report released hours before Wednesday's hearing. Undocumented immigrants already contribute about $184.6 million in Massachusetts state and local taxes and having a license could increase many immigrants' earning power and their tax contributions.
MBPC President Marie-Frances Rivera described the legislation as "economically sensible, and simply the right thing to do" at the Wednesday morning press conference.
"Licensing drivers without documents not only allows them and their families to access basic necessities, it also allows employers to access more qualified workers in our tight labor market," Rivera said.
Passing the legislation would likely generate $6 million in state revenue over the first three years and lower each Massachusetts driver's insurance premium by about $20 per year, which Rivera pointed out is enough to buy flowers on Mother's Day. It would also generate an additional $62 million in revenue for insurance companies, the report found.
Advocates pack State House hearing to support bill to expand driving privileges to all Mass. residents, regardless of legal status
An estimated 185,000 undocumented immigrants stand to benefit from this bill if it becomes law, according to the Massachusetts Budget and Policy Center. Currently, residents need to show a work permit or other proof of legal status to be eligible for a driver's license.
Meanwhile, study after study has found fault with the economic impact of the state’s film credit. A 2015 report by the Massachusetts Budget and Policy Center found that the state pays significantly more for every job created by the credit than the wages earned by those jobs, and gets just 13 cents in revenue back from every dollar spent.
The foundation budget established under the Education Reform Act of 1993 to calculate adequate baseline spending for the state's public school districts understates the costs of special education and health insurance by more than $2 billion, according to a new report from the Massachusetts Budget and Policy Center.
Still, residents should not let their hopes soar. Eliminating waste is unlikely to be enough. According to the Massachusetts Budget and Policy Center, since the recession began, Massachusetts has cut about $3 billion in spending. The reductions hit cities and towns especially hard. Comparing fiscal 2009 with Governor Patrick’s fiscal 2012 budget proposal, the center projected a drop in unrestricted local aid of $528 million, or almost 40 percent. Education has suffered big losses as well.
Noah Berger, executive director of the Massachusetts Budget and Policy Center, a nonpartisan budget watchdog, said the estimate was “reasonable and cautious.” The total of $20.525 billion in tax revenue estimate reflects growth from the revised estimate of $19.784 billion for the current year.
All that good news comes from a report released earlier this month by the Massachusetts Budget and Policy Center. The State of Working Massachusetts 2010 examines the state’s rise since 1979 from the middle of the pack nationally in terms of wages and incomes to a sixth-place ranking (behind Maryland, New Jersey, Connecticut, Alaska and Hawaii) in median household income.
MASSACHUSETTS (WAMC) – Massachusetts is weathering the economic downturn better than most states, that’s according to a new report released by the Massachusetts Budget and Policy Center. WAMC’s Berkshire Bureau Chief Charlie Deitz reports that the reason for the state’s performance is its’ commitment to higher education over the last three decades.