In The News

NH candidate makes pitch to Mass. millionaires

Jul 7 2017

By Katie Lannan, State House News Service / Newburyport News

The Massachusetts Taxpayers Foundation, however, has cautioned that if one-third of the 900 tax filers projected to make more than $10 million annually were to relocate, total income tax revenues would drop by approximately $750 million, including $410 million in taxes from the current rate and $335 million projected under the surtax.
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Massachusetts Still Without Budget 5 Days Into Fiscal Year

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Jul 5 2017

NECN

The Massachusetts Taxpayers Foundation says the fiscal 2018 shortfall could go as high as $1 billion.
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As new fiscal year arrives, lawmakers face shortfall

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Jul 2 2017

Sentinel and Enterprise

But that's only part of the problem. Tax revenues have risen only about 1.2 percent during the previous 12 months, making the 3.9 percent increase forecast for the next 12 months, "very optimistic and I would say unrealistic," said Eileen McAnneny, president of the Massachusetts Taxpayers Foundation.
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Millionaires might complain about new tax, but they probably won’t flee, studies show

Jun 21 2017

By Michael Levenson, The Boston Globe

A study by the Center on Wealth and Philanthropy at Boston College found that, in the four years following New Jersey’s income tax increase, $70 billion in wealth left the state, while the expected amount of charitable giving fell by $1.1 billion. “It doesn’t take too many of them to leave before it adds up,” said Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, a business-backed think tank that opposes the higher tax rate in this state.
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Editorial: Baker shows way on health reform

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Jun 21 2017

The Boston Herald

The Baker administration has thrown the Legislature — and the taxpayers — a lifeline when it comes to dealing with rising Medicaid costs — which account for nearly 40 percent of the state budget. Lawmakers should grab it.
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Baker Medicaid plan raises employer burden

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Jun 21 2017

By Matt Murphy, State House News Service / The Lowell Sun

Officials with many of the major business groups and some health plans, including the Retailers Association of Massachusetts, the Mass High Tech Council, Fallon Health, Boston Medical Center and the Massachusetts Taxpayers Foundation are backing the reform package.
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Massachusetts Millionaires Tax Will Face Voters in 2018

Jun 15 2017

Bloomberg BNA News

However, detractors like the Massachusetts Taxpayers Foundation and Associated Industries of Massachusetts say the new surtax will drive wealthy residents from the state, causing estimates of tax revenue to drop as well.
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Mass. Lawmakers Push 'Millionaire's Tax' Through To 2018 Ballot

Jun 14 2017

By Steve Brown, WBUR

Critics say it would drive away jobs and hurt businesses in the state. A recent report by the Massachusetts Taxpayers Foundation predicts the plan could also backfire by giving wealthy residents a significant incentive to move away.
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Democratic candidates for governor pressure Baker on income surtax

Jun 14 2017

By Matt Murphy, State House News Service / The Lowell Sun

Backers of the surtax say the state needs the estimated $1.6 billion to $2.2 billion in new revenues to invest in public education and transportation infrastructure, but critics, including the business-backed Massachusetts Taxpayers Foundation, warned this week that the proposal could cause wealthy Bay State residents to move to less expensive states and warned new revenues would likely be needed to plug budgets gap rather than finance new investments.
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MTF Blasts Proposed 'Millionaire's Tax'

Jun 13 2017

By Paul Tuthill, WAMC

The foundation’s report delivered to legislators two days before the scheduled vote said that if just one-third of the 900 state taxpayers who make more than $10 million a year were to leave the state, projected revenue would drop by $750 million. McAnneny argues that even if the proponents’ revenue projections from the millionaire’s tax come true it would not solve the problems with the state budget that have plagued Beacon Hill for years.
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