August 11, 2020

Baker sees positives in July revenue numbers

Says parts of economy ‘OK’; auto sales up

Bruce Mohl ,

Commonwealth Magazine

Withholding taxes – tax payments automatically deducted from paychecks and unemployment insurance benefits and paid directly to the government – were $80 million above year-ago levels. Baker said the regular unemployment insurance benefit plus the extra $600 payment from the federal government kept withholding tax payments up. Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, said some people were making more money on unemployment than they were working.