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Comparing Tax Cut Proposals from 2022 to 2023
Massachusetts lawmakers have proposed tax policy changes in 2022 and 2023 that would reduce public revenue by large amounts—providing the most benefits to the most ...
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Statement on the House Budget
The final House version of the budget, at $56.2 billion, is $154 million larger than the Governor’s proposal. It includes notable amendments to the House Ways ...
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How Other States Prevent the Costly Tax Loophole in the Millionaire’s Tax
The newly passed surtax on annual incomes over $1 million brings a new opportunity for high-income residents to exploit a tax loophole. Policies in other ...
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Statement on the House Ways and Means Budget Proposal
While this proposal includes some important investments and policies, both it and the Governor’s proposal are limited by a set of proposed regressive tax cuts.
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Statement on the House Tax Reform Bill
Meaningful credits for working families mixed with benefits solely for the wealthy - MassBudget reacts to House of Representatives' recently released tax proposal.
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High-Income Households Are Not Fleeing Massachusetts
Internal Revenue Service (IRS) data show that Massachusetts has low rates of out-migration among high-income households compared to other states. As a consequence, delivering large ...
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Testimony to the Joint Committee on Revenue on the Governor’s Tax Proposals
Testimony presented to the Joint Committee on Revenue on March 28, 2023, regarding Governor Healey's tax proposals.
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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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