Taxes
Recent
How Do Business Taxes in MA Compare to Other States?
MassBudget analyzed a recent data report by The Council on State Taxation (COST) - a Washington DC based trade association representing over 500 multistate and ...
Read More →
Presentation: Ending the Tax Penalty Against Working Immigrants
On March 14, 2024, Interim President Phineas Baxandall joined the Black and Latino Caucus and the Healthy Families Tax Credits Coalition at the Statehouse for ...
Read More →
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 ...
Read More →
ALL TAXES REPORTS
Beacon Hill’s “Double-Dip” Tax Break Misses the Mark for Struggling Communities, Families, and Small Businesses
Statement by Marie-Frances Rivera, MassBudget President, on the PPP “double-dip” tax break “The Legislature’s decision yesterday on Emergency Paid Sick Time and Unemployment Insurance ...
Read More →
Making sense of the state budget, taxes, and the Governor’s FY22 proposal
MassBudget welcomed our new and returning Massachusetts legislators and their staff with an overview of the state budget and taxes, as well as a briefing ...
Read More →
Massachusetts Should Prohibit “Double-Dip” Tax Break for Profitable Businesses
Click here for a PDF version of this statement. S.D. 172, “An act providing financial relief to small businesses during the COVID-19 pandemic”, is bad ...
Read More →
Raising Rates on Unearned Income: An Equitable Way to Avoid Cuts and Support a Robust and Just Recovery
As a Commonwealth, we must respond to these intertwined health and economic crises in ways that acknowledge and correct for these deep-seated and longstanding inequities. ...
Read More →
FY 2021 Budget & Tax Options
Two weeks ago, the Executive Office of Administration and Finance (ANF) provided updated revenue projections for the current fiscal year (FY21). ANF now estimates an ...
Read More →
Testimony for the House and Senate Ways and Means Committees, the Joint Committee on Revenue, and the Executive Office of Administration and Finance Economic Roundtable
We’re clearly in a budget crisis. Which is extremely troubling at this time, when we need real, comprehensive relief for families and individuals — so ...
Read More →
State Borrowing is No Substitute for New Revenue in Dealing with the COVID-19 Economic Downturn
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 ...
Read More →
Supporting Racial Equity and a Robust Recovery with a Corporate Income Tax Rate Increase
By returning the state corporate income tax to pre-2010 rates, the Commonwealth could raise $375 million to $500 million a year to help fund a ...
Read More →
Municipal Budgets, Local Aid, and Property Taxes Amid COVID-19
As a result of the pandemic, municipalities face increased spending needs and declining revenues. Many have the ability to raise property taxes, though others are ...
Read More →
Road to Recovery: How to Safely Reopen Early Education in Massachusetts
As the Commonwealth's early education and care sector reopens, many providers are at risk of closing permanently unless there is a significant new source of ...
Read More →
Mass. Raised Revenue in Last Three Recessions, Reducing Cuts
Cutting budgets and failing to invest in communities hardest hit by the pandemic perpetuates the deep racial inequities built into the current system. Learn more ...
Read More →
Black Lives and the Pursuit of Racial and Economic Justice
This country was built upon racist ideas and policies that we must all work deliberately to undo every day. These policies, such as Jim Crow laws, ...
Read More →
Testimony Supporting Act to Provide Equal Stimulus Checks to Immigrant Taxpayers
Testimony supporting legislation for state stimulus checks for taxpayers excluded from federal benefits because they pay taxes with an Individual Tax Identification Number (ITIN) instead ...
Read More →
The Anti-Stimulus: Budget Cuts are Worse for the Economy than Tax Increases During Recessions
Anyone concerned about Massachusetts' economic recovery should be worried about state and municipal budget cuts. This is not the time for austerity. Avoiding budget cuts ...
Read More →
The CARES Act: Costly Tax Cuts for High-Income Filers
What were the tax breaks provided to the wealthy and businesses in the CARES Act? What is the cost of these tax breaks? Learn how ...
Read More →
