Category: state budget

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Equity for Early Education on the Horizon

New MassBudget report analyzes recent early education and care investments, provides recommendations on the road ahead For Immediate Release Tuesday, July 19th, 2022 BOSTON, MA …

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Four Reasons We Need Strong Estate Taxes

Explainer via Napkin Finance With Legislators debating potential changes to taxes on large estates, it’s important to remember why we have taxes on the transfer of …

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Current Estate Tax Proposals Would Give Largest Benefits to Wealthiest Estates; Alternative Method Would Fix This Problem

The tax on inherited estates is Massachusetts’ only tax that directly reduces wealth inequality. Although the pandemic has highlighted disparities between rich and poor families, the Governor and some in the Legislature have proposed changes to the estate tax that would largely benefit the state’s wealthiest households.

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FAS 109, Single Sales Factor Apportionment, and Deferred Corporate Tax Deductions

As the Legislature considers elements of a possible tax package, it is worth focusing on a number of interrelated corporate tax issues that are now – or may become – part of the mix. At the heart of these interrelated issues is a problematic, state-level corporate tax break referred to as FAS 109.

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NEW: When A Surplus Is Not Extra

When A Surplus Is Not Extra New MassBudget report debunks the myth of tax “deluge” in the Commonwealth For Immediate Release: June 23, 2022 BOSTON, MA – The …

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Options for Targeted Tax Relief and a Warning About Estate Tax Changes

June 10, 2022 To: House and Senate Ways and Means Committee members and staff Re: Options for Targeted Tax Relief and a Warning About Estate …

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The Governor’s 2023 Budget Proposal: Last Chance for a Lasting Legacy

Governor Baker submitted his last state budget as Governor of the Commonwealth last week, and this Fiscal Year (FY) 2023 budget is not all that …

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MassBudget Brief Explains the State Budget Process to Make it More Accessible

For Immediate Release: January 25, 2022 BOSTON, MA – The budget is a powerful $50 billion tool for building an antiracist and equitable Commonwealth over the …

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State Budget 101

What is the state budget? The state budget is single largest piece of legislation passed each year. It affects every person in the Commonwealth. It …

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