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…

Governor Baker signed the FY 2018 budget after vetoing $320.3 million in spending and striking or amending 34 policy sections. The Legislature now has until the end of formal sessions this year – likely in November – to override vetoes and finalize the FY 2018 General Appropriations Act (GAA). This…

The undersigned employer groups, representing businesses from all sectors, of all sizes and from all parts of the Commonwealth oppose the final budget plan calling for a new health assessment on employers without significant reforms to manage the cost of health care.

Today, the Legislature voted to enact a $40.2 billion budget for FY 2018. This year’s budget reconciliation process was hampered by several major challenges – most notably the need to reduce expected tax revenues from the amount used in both the House and Senate plans.

For the second straight year, budget conferees are working to finalize a budget for July 1st while grappling with how best to adjust the fundamental tax revenue assumption used to balance the budget. This brief examines the challenges budget conferees and the Administration face and how these…

At the next constitutional convention, legislators will vote on whether or not to approve the ballot initiative entitled “Massachusetts Income Tax for Education and Transportation Amendment” more commonly referred to as the millionaire’s tax. MTF has several serious concerns with this ballot…

As you begin your deliberations, we respectfully request that you omit, in Section 1B, line-item 0710-0002 and Section 15 of Senate bill 2076, which would establish and fund of a tax expenditure review commission under the control of the State Auditor. As organizations that represent thousands of…

The Senate finalized its fiscal year (FY) 2018 budget yesterday after three days of debate. Through the amendment process, the Senate added $52.2 million in new spending and added 150 policy sections to the spending plan released from the Senate Committee on Ways and Means last week. Budget…

The Senate Ways and Means Committee (SWM) released a $45.13 billion budget proposal for fiscal year (FY) 2018 today. This brief provides the Foundation’s initial analysis of major spending and policy provisions in this budget plan.