In The News: Taxes

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Businesses owe more than $160 million in back taxes in Mass.

Nov 17 2019

By Mary Markos, Boston Herald / NH Union Leader

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation and co-chair of the income tax subcommittee within a Senate Revenue Working Group charged with revamping the state’s tax code, said that members have discussed ways to ensure maximum adherence to existing laws. “We always want to make sure we’re collecting all of the revenue that is due to the commonwealth,” McAnneny said, “but it is important to keep this in perspective.”
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Industry sets stage for film tax credit fight

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Sep 24 2019

By Andy Metzger, Commonwealth

The Massachusetts Taxpayers Foundation is among the groups that hopes the film tax credit is in its final seasons, believing the funding could be better spent on “other priorities.” “We are opposed to the film tax credit. We’ve had long-standing opposition,” said Eileen McAnneny, president of the business-backed group. “Most of the money goes to firms outside of Massachusetts.”
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Boston business leaders weigh in on second go-around for a ‘millionaire’s tax’

Jun 15 2019

By Kalina Newman, South Coast Today

The MTF statement cited doubts over whether the estimated $2 billion in tax revenue would go towards the proposed transportation and education, or would even materialize at all. ″[T]he power to appropriate revenue in the state budget rests solely within the Legislature and cannot be guaranteed in the constitution,” according to the statement. Because the wording of the amendment says the funds are “subject to appropriation,” the decision on how to best spend the additional funds would need to be made each year by future legislatures.
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Baker urges high tech leaders to help in housing, education

Jun 10 2019

By Matt Murphy, State House News Service / The Salem News

The Massachusetts Taxpayers Foundation echoed the message from Anderson in an analysis released Monday where the group concluded that the millionaires tax was not "sound tax policy." The foundation also said the estimated $1.9 million in new tax revenue was "unlikely" to materialize due to the mobility of wealthy taxpayers and the volatility of capital gains taxes. "Given the probability of changes to the economy and taxpayers predilection to avoid taxes it's extremely likely that revenue collections will fall well short of projections for these two reasons," the foundation said.
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For ‘millionaires tax,’ debate rages on

May 24 2019

By Kalina Newman, The Metrowest Daily News

The Massachusetts Taxpayers Foundation, a business-funded public policy organization, has been vocal in its opposition and views the tax as a “far-reaching and unguided experiment that risks the state’s economic well-being.” The MTF statement expressed doubts over whether the estimated $2 billion in tax revenue would go toward the proposed transportation and education, or would even materialize at all.
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Prop 2 1/2 overrides disappearing, but taxpayers still pay

May 20 2019

By Eli Sherman, Wicked Local

But within the last decade, new construction and rising property values have helped boost local revenue, offsetting a declining share of state aid provided to municipalities, which fell to 19 percent of municipal revenue in fiscal 2018 compared to 28 percent in fiscal 1999, according to a 2019 report by the Massachusetts Taxpayers Foundation. The increase in new building and property values has also made overrides less common.
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Capital gains eyed by state rep. as way to boost revenue

Apr 19 2019

By Katie Lannan, State House News Service / The Lowell Sun

Massachusetts Taxpayers Foundation President Eileen McAnneny said lawmakers should be "very careful" in considering changes to the capital gains tax rate, warning of potential unintended consequences like discouraging people from investing or saving. McAnneny noted that money a person invests has often already been taxed when it is earned as income.
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Editorial: Should Massachusetts continue its film tax credit?

Apr 5 2019

By Eileen McAnneny, The Boston Globe

The Massachusetts Taxpayers Foundation is an opponent of the film tax credits for two primary reasons: the inefficiency of the credit and the sub-optimal use of limited taxpayer resources.
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‘Millionaire tax’ amendment rises again at Statehouse

Feb 10 2019

By Bob Salsberg, AP / Boston Herald

“It’s a different process and I think they’re right,” said Eileen McAnnenny, president of Massachusetts Taxpayers Foundation. “Because this is not a citizen’s petition the prohibitions don’t apply.”
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Op-Ed: Ruling on millionaire tax right one constitutionally

Jul 3 2018

By Eileen McAnneny, CommonWealth Magazine

AS A PLAINTIFF in the lawsuit Anderson v. Attorney General, I applaud the court’s decision, although I don’t consider myself or the Massachusetts Taxpayers Foundation, the organization that I represent, the winner. The real winner is our democracy.

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