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…

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…

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…

Last summer, MGM Springfield opened its doors to the public and in doing so, opened the door to a new era of casino gaming in the Commonwealth of Massachusetts. The next milestone of this era is on track to come in June 2019 when Encore Boston Harbor opens for business. These new resort-style…

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…

“Today is a great day for all Massachusetts taxpayers because the court has upheld the time-honored constitutional principle that limits the initiative process. By rejecting the notion that a small special interest group can usurp legislative power by including unrelated tax and spending provisions…

We conclude that the initiative petition should not have been certified by the Attorney General as "in proper form for submission to the people," because, contrary to the certification, the petition does not contain only subjects "which are related or which are mutually dependent," pursuant to art.

If the surtax passes, Massachusetts would have one of the highest tax rates in the nation on income over $1 million. And that may understate the upcoming shockwave to high-earners. Since SALT deductions are now capped at $10,000, the effective state income tax rate for individuals making more than…

Plaintiffs bring this lawsuit to exclude from the 2018 ballot an initiative petition that threatens to undermine our representative system of government and our separation of powers, and the long-standing consensus that the Legislature must maintain ultimate control over public finances. Petition…

I am writing today in support of House Bill 1510: An Act Relative to the Massachusetts Estate Tax Code. While the Foundation believes that the Massachusetts estate tax should mirror the federal estate tax, this bill would more closely align the Massachusetts estate tax with federal law, a great…