Category: state budget

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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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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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