In The News

Uncertainty in Washington tax policy complicates Massachusetts budget writing

in

Dec 6 2017

By Shira Schoenberg, MassLive

The business-backed Massachusetts Taxpayers Foundation said any movement on tax reform could result in a one-time surge in capital gains tax revenues, as investors sell assets based on the anticipated shift in tax policy. But many of the proposals in the tax legislation "will likely have negative effects on state finances, health care coverage, higher education, transportation, research and state exports," according to the foundation's testimony. For example, the tax bill could hurt Massachusetts' many colleges and universities due to a tax on college endowments, the elimination of tax deductions for student loan interest and a change in the taxation of graduate student income.

Full article
Forward to a friend

WBUR Poll: 3 State Ballot Initiatives Enjoy Overwhelming Support

in

Nov 16 2017

WBUR

McAnneny also warns that some of the money from the millionaires’ tax might not materialize. “It’s likely to be less than [what the state estimates],” she said. “We’ve seen that in other states that have enacted similar policies, namely New Jersey and Connecticut. A lot of the money that will come in is based on volatile sources of income, so things like capital gains, and dividends, and interest, which is highly cyclical and where people have some control when they sell capital assets and so forth.”
Full article
Forward to a friend

Income surtax scheduled for Feb. 5 hearing before SJC

in

Nov 9 2017

By Andy Metzger, State House News Service / Dorchester Reporter

The plaintiffs run influential business-backed groups, including the Massachusetts Taxpayers Foundation, the Massachusetts High Technology Council, and the National Federation of Independent Business’s Massachusetts arm.
Full article
Forward to a friend

Viewpoint: Transportation costs still unknown, and that needs to change

Nov 9 2017

By Eileen McAnneny, BBJ

We do not know the all-in price to fix the state’s existing infrastructure or the additional costs of the many expansions being considered, but we should. We do not know what transportation revenues will be available over the next five years and beyond, so we must begin considering alternatives. That is why developing a comprehensive blueprint, that expressly and publicly prioritizes investments factoring in the dynamic impacts from climate change and technology along with a reliable and sustainable way to pay for these improvements is critical in this era of transition. Simply put, we must get smarter, faster. Our economy and quality of life depend upon it.
Full article
Forward to a friend

MBTA spokeswoman: 'It's more than trust us'

Nov 7 2017

By Colin Young, State House News Service / The Daily Report

That announcement came after the Massachusetts Taxpayers Foundation released a report critical of the state for not having an updated blueprint of how it is going to address transportation infrastructure and financing needs in the next decade, saying such a blueprint is desperately needed given the advances in technology and climate change.
Full article
Forward to a friend

EDITORIAL: No need to lose Fair Share of Mass. business growth

Oct 7 2017

Sentinel & Enterprise

Don't worry about the rich. They can move or remain in Massachusetts no matter the tax burden. It's the businesses that won't expand or take root at all - and all the jobs they would create -- that should be our main concern if the added tax on those high earners becomes law.
Full article
Forward to a friend

Business Groups Sue To Block 'Millionaires Tax' From Massachusetts Ballot

Oct 4 2017

By Paul Tuthill, WAMC

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, said the ballot initiative, which would amend the state constitution, is a bad idea. " The mission of the Mass Taxpayers Foundation is to promote the long term economic well-being of the Commonwealth, and we feel this ballot initiative has negative long term implications for the way we budget, so we challenged whether or not it is valid," McAnneny explained.
Full article
Forward to a friend

‘Millionaire’s Tax’ ballot petition faces legal challenge

Oct 4 2017

By Elisa Machado, 22WWLP

Eileen McAnneny, President of the Massachusetts Taxpayers Foundation, told 22News, “We’re concerned that the question is not properly before voters, that it violates the constitution.” “This question combines several unrelated matters into one question and then it gives voters a kind of hobsonian choice if you will,” said McAnneny.
Full article
Forward to a friend

Massachusetts business groups ask state's Supreme Judicial Court to stop 'millionaires tax' from reaching 2018 ballot

Oct 3 2017

By Gintautas Dumcius, MassLive

The plaintiffs in the complaint against the proposed amendment, along with Anderson, are Christopher Carlozzi, the Massachusetts state director of the National Federation of Independent Business (NFIB); Richard Lord, president and CEO of Associated Industries of Massachusetts (AIM); Eileen McAnneny, president of the Massachusetts Taxpayers Foundation (MTF); and Daniel O'Connell, president and CEO of the Massachusetts Competitive Partnership (MACP), and a former top aide to Gov. Deval Patrick.
Full article
Forward to a friend

Business Groups Sue To Stop Massachusetts ‘Millionaire Tax’

Oct 3 2017

By Bob Salsberg, AP / CBS

"We are challenging the ‘how’ of this ballot initiative, not the ‘what’ or the ‘why,'” said Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, a business-backed fiscal research group that is also party to the Supreme Judicial Court lawsuit. “This is about process, not policy.”
Full article
Forward to a friend
See our site policy on external link content.