Policymakers have the responsibility and an opportunity to make smart and fair policy choices that will support children and families. This is particularly true now …
Unemployment Insurance Saved the Massachusetts Economy. How Can We Ensure It Will Be Strong for the Future?
More than any other economic program, Unemployment Insurance (UI) has helped the Massachusetts economy during the COVID-19 pandemic. UI enabled many families to remain safe …
Read the statement by Marie-Frances Rivera, president of the Massachusetts Budget and Policy Center (MassBudget), on the Senate Ways and Means Committee’s Fiscal Year (FY) 2021 Budget.
ALL COVID 19 REPORTS
Raising Rates on Unearned Income: An Equitable Way to Avoid Cuts and Support a Robust and Just Recovery
For each one percentage point increase in the state tax rates applied to unearned income, the Commonwealth could raise roughly $465 million a year to …
Read the statement by Marie-Frances Rivera, president of the Massachusetts Budget and Policy Center (MassBudget), on Governor Baker’s revised Fiscal Year (FY) 2021 Recommendation.
States rely on borrowing to manage their finances in good times and bad. Yet borrowing is not a substitute for raising the revenue needed for an economic recovery. Policymakers should look to raising progressive new revenues paired with limited borrowing to avoid cuts to critical public spending.