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Ending the Tax Penalty Against Working Immigrants

Extending EITC eligibility to all workers filing taxes, regardless of their immigration status, would increase its impact, help expand economic opportunity, and support low- and ...
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Economic Projections for Asylum Seekers and New Immigrants: Massachusetts

How can we expect new immigrants to fare in the economy? To model this question, the Immigration Research Initiative and MassBudget looked at how immigrants ...
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Testimony in Support of S.2554 on Utilizing the Stabilization Fund

Written testimony by Interim President Phineas Baxandall in support of “An Act to Provide for competitiveness and Infrastructure investment in Massachusetts” (S.2554).
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ALL REPORTS

Taking Measure of the Governor’s Tax Plan

The Governor’s proposal would provide benefits to households across the income spectrum, but by far the largest benefits would accrue to a small number of ...
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Governor’s Estate Tax Plan Is Costly and Gives Biggest Breaks to Largest Estates – Better Options Exist

During the current legislative session, lawmakers will consider a number of proposals for changing the Massachusetts estate tax. Two proposals are compared here – one ...
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MassBudget’s Look at the Governor’s Budget Proposal

The governor's budget proposal includes investments that will reduce some of the hardship faced by Bay Staters, but it also would deeply cut two major ...
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Statement on Governor Healey’s Budget Proposal

Important investments and missed opportunities - MassBudget reacts to the Governor's budget proposal.
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With Rainy Day Fund Filling Up Fast, It’s Time to Invest in Community Needs

The state’s rainy day fund is fast approaching its capped “allowable balance.” It could exceed the cap at the end of Fiscal Year 2024. With ...
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Preventing High-Income Tax Avoidance to Protect Education and Transportation

Problems with potential high-income tax avoidance can be solved by following many other states that require that taxpayers file their state income taxes with the ...
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Memo to Governor Healey on Ways to Ensure Effective Implementation of the Fair Share Amendment

As Massachusetts voters have amended the state constitution to include a 4 percent surtax on taxable income over $1 million, MassBudget would like to offer ...
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Letter to Governor-elect Healey and Lieutenant Governor-elect Driscoll on a Family Tax Credit

A letter to Governor-elect Healey and Lieutenant Governor-elect Driscoll on a consolidating different family tax supports into one simpler, fully refundable Family Tax Credit.
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Massachusetts Capital Budget 101

The capital budgeting process takes place largely out of the public eye but is responsible for building and maintaining critical state infrastructure. Learn more about ...
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Fair Share: Best First Step to Building an Equitable Commonwealth

The passage of Questions 1 and 4 are powerful steps in the right direction for our communities, and the work continues.
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“Excess” as Mirage: How the 62F Tax Cap Distorts Our View of Massachusetts Tax Revenue

The 1986 tax cap law, also known as “62F,” artificially limits the amount of tax revenue available to address priorities like affordable, quality childcare, safer ...
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Fair Share Would Increase Total Tax Rates Only Modestly for Most with Incomes Over $1 Million

Because the Fair Share surtax would apply a 4 percent surtax only to the portion of a household’s taxable income above $1 million, the total ...
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The Fair Share Millionaire Tax and Home Sales: What 2021 Data Shows

Based on industry data from the Warren Group on home sales in Massachusetts, previous analysis has shown how rare it is that a sale might ...
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The Myth of the One-Year Middle Class Millionaire

“One-time” occurrences of $1 million income are relatively rare overall, and in fact much rarer for the middle-class. It is far more common for tax ...
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Very Few Small Businesses Sell for More Than $1 Million; Even Fewer Would be Subject to Fair Share

Will small business owners be subject to the proposed Fair Share tax if and when they sell their businesses? Very unlikely.
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