"The COVID-19 pandemic is a public health emergency that is causing a public finance emergency in Massachusetts,"said a new analysis of the state's fiscal outlook by the Massachusetts Taxpayers Foundation published Monday. The analysis found that $3.6 billion of the estimated $30.3 billion the…

The analysis by the center is similar to a report released March 17 by the business-backed Massachusetts Taxpayers Foundation. The foundation analysis estimated a lower revenue falloff — $300 million to $500 million – in the current fiscal year. But it estimated a similar impact — $2 billion to $3…

The margin for error already seemed slim: The business-backed Massachusetts Taxpayers Foundation issued a report on Wednesday highlighting several uncertain aspects of Governor Charlie Baker’s spending plan for the next fiscal year. MTF said Baker’s plans to accelerate sales tax collections ($237…

While MTF generally believes there are several infirmities with the current proposal to tax GILTI revenue, trying to use this revenue to finance transportation is especially ill-suited because the revenue is uncertain, will be difficult to collect in the short-term and is harder to leverage for…

The analysis by the Massachusetts Taxpayers Foundation suggests that lawmakers may have to consider “tax increases or spending cuts” to balance the state’s $43 billion-plus budget. It would mark a stark reversal from recent years when officials’ primary money problem was jostling over ways to spend…

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…

Wednesday's session did not unfold without tension. Rep. Maria Robinson filed an amendment that would have stripped a section of the bill that decouples Massachusetts from the federal tax code, citing a Massachusetts Taxpayers Foundation analysis that the change could cause the state to forego up…

Eileen McAnneny, president of the business-backed Massachusetts Taxpayers Foundation, says it’s not really surprising that employers are worrying more about the end to a decade-plus of economic expansion. But there are mixed signals, still: She points to the latest jobs numbers from the Bureau of…

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…

I am writing today in support of House Bill 2446: 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, and is a…