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Testimony in support of a Resolve establishing a commission to study the funding of high-quality early education and care in Massachusetts
Thank you for the opportunity to submit written testimony in support of S. 346, a Resolve establishing a commission to study the funding of high-quality early education and care in Massachusetts. The bill before you seeks to address the systemic funding challenges that the early education and care sector faces.
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Testimony in support of An Act relative to the repeal of the sales tax exemption for aircraft and An Act to repeal the sales tax exemption for aircraft
Thank you for the opportunity to submit written testimony on behalf of the Massachusetts Budget andPolicy Center (MassBudget) in support of H.3123/S.1923: An Act relative to the repeal of the sales tax exemption for aircraft/An Act to repeal the sales tax exemption for aircraft. The bills under your consideration would end the current sales tax subsidy for private jets and other aircrafts. We urge the Committee to look critically at why the Commonwealth would take special pains to subsidize private jets and helicopters.
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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 of these changes will enter our state tax code automatically, costing the Commonwealth hundreds of millions of dollars in lost corporate tax revenue unless state lawmakers opt out of these provisions. Detaching the state’s tax code from specific provisions in the federal code is a common practice known as “decoupling.”
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Testimony in support of An Act establishing a Massachusetts Baby Bonds Program
Thank you for the opportunity to submit written testimony in support of H.48, An Act Establishing a Massachusetts Baby Bonds Program. Baby Bonds programs are an effective way to close the racial wealth gap and expand economic opportunity for all Massachusetts residents. We also support H.1158/S.737, An Act to promote economic mobility through matched savings, which would help families to improve their financial stability.
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Baby Bonds Will Drive Prosperity for Massachusetts Children
What are baby bonds? Baby bonds, or baby accounts, are an investment funded by the government on behalf of a child soon after birth. Baby bond investments grow over time and when the child reaches adulthood, they can access this investment and use the funds on allowable purchases predetermined by the government.
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Testimony in support of An Act supporting families through enhanced tax credits, and An Act to reduce poverty by expanding the EITC and the child and family tax credit
MassBudget urges the Joint Committee on Revenue to report H.3073 and S.1957 and S.1975 out favorably. Thank you for the opportunity to submit written testimony in support of H.3073 and S.1957, An Act supporting families through enhanced tax credits and S.1975, An Act to reduce poverty by expanding the EITC and the child and family tax credit, which will reduce the financial burden on low-income families and make tax credits accessible to all income-eligible workers and families.
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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 (OBBBA) pose a significant threat to the stability of the state budget. While the Commonwealth cannot single-handedly reverse these damaging federal policies, it has the authority to prevent federal tax changes from automatically becoming part of the state’s own tax code.
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Testimony in support of An Act combatting offshore tax avoidance
MassBudget urges the Joint Committee on Revenue to report H.3110 and S.2033 out favorably. This legislation would allow Massachusetts to collect corporate income tax revenue currently lost to abusive, international profit-shifting by large, multinational corporations. The result would generate hundreds of millions of dollars annually to address critical needs of communities throughout the Commonwealth.
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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, with total adult-use retail sales reaching over $8 billion as of August 2025. Revenue from the Marijuana Regulation Fund (MRF), the main fund that receives cannabis revenue, supports various programs across public health, community investment, law and public safety, and regulatory oversight, with public health receiving the largest percentage. Massachusetts has led the nation in cannabis social equity programs. The initial legislation, revised after the 2016 ballot initiative, includes mandated social equity components to promote ...
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Payouts and Risks in Massachusetts’s Gambling Revenue
Key Takeaways The Lottery, casinos, and sports betting together generate $1.5 billion in annual taxes, the state’s fourth largest source of revenue. The Lottery is the largest source, but has fallen by a third since 2002, when adjusted for inflation. Problem gambling disproportionately harms lower-income and non-white bettors. Lottery revenue is used for local aid, which is somewhat targeted to lower-income communities. State spending of casino revenue has changed over time and concentrated in a few programs. Growing online sports betting may be replacing some casino gambling. It pays lower tax rates on profits and poses new dangers for problem ...
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