A letter from the Massachusetts Taxpayers Foundation, Associated Industries of Massachusetts, the Greater Boston Chamber of Commerce and the Massachusetts Business Roundtable urging the Governor to veto the elimination of the FAS 109 Deduction.

The Commonwealth of Massachusetts boasts a robust economy with a well-paid and highly educated workforce, and maintaining both is critical to the long-term health and stability of our state. To do this, Massachusetts must ensure not only that it fosters the creation of new businesses, but also that…

In its fiscal 2016 budget, the Senate proposed increasing the state’s earned income tax credit (EITC), raising personal exemptions, and funding those measures by freezing the income tax rate at 5.15 percent with the goal of increasing the state’s personal income tax progressivity. This bulletin…

Please find attached the Foundation’s analysis on the FY16 Senate Budget which was finalized last week.

Foundation President Eileen McAnneny testified in support of House Bill 62, An Act to Support Working Families, and in particular the proposal to link expanding the state’s earned income tax credit with repeal of the state’s film tax credit. This proposal will replace a program that funnels…

The FY 2016 budget has been hampered by a large structural gap that is the result of $1.2 billion in one-time funds used in FY 2015 and $1.5 billion in spending growth for non-discretionary accounts. That $2.7 billion total shortfall is offset by tax revenue growth of $872 million, leaving a $1.8…

The Foundation is working with other business groups to address issues with the net worth measure of the state’s corporate excise. This memo provides a detailed explanation of the issues and solutions.

In anticipation of the release of the Governor’s budget later this week, this briefing provides a status report on fiscal year 2016 and an overview of what we anticipate for fiscal year 2017.

Tax revenues will grow by $1.1 billion, or 4.5 percent, to $25.5 billion in fiscal 2016, continuing the trend of modest growth yet still below that of previous economic recoveries, according to a new forecast released today by the Massachusetts Taxpayers Foundation.“It’s alarming that even with…