February 27, 2023

Healey proposes $859M tax cut plan to go along with first budget

Proposes capital gains, estate tax cuts, expands dependent credits

Matthew Medsger ,

The Boston Herald

“We need to address the trends that are pricing out low- and middle-income residents, and stop incentivizing higher earning residents and businesses to leave,” Doug Howgate, the President of the Massachusetts Taxpayers Foundation said in a statement. “The proposal laid out today would help make Massachusetts less of an outlier compared to its peers and help the Commonwealth retain and grow its population, jobs, and investment. We look forward to working (with) the Administration and legislative leaders to advance tax relief this year.”