And if that move will generate a big backlash, you wouldn't know it from the reaction of the business-backed Massachusetts Taxpayers Foundation. "The most important thing is that as we collect more tax revenue than any reasonable person would have expected, we're giving back that tax revenue to…

Doug Howgate, president of the Massachusetts Taxpayers Foundation, said consideration of Healey’s tax proposal needed to account for more than the surtax alone. Between fiscal 2015 and 2022, Massachusetts tax revenue increased more than 60%, from $24.7 billion to $41.1 billion, which Howgate said…

Today, the House Committee on Ways and Means released their tax relief proposal. The plan includes 7 major provisions and carries a fiscal impact of $654 million in FY 2024. When fully-phased in after 3 years, the annualized cost of the proposal is $1.1 billion. Though significantly larger, the…

Doug Howgate, president of the Massachusetts Taxpayers Foundation, said regardless of the final plan there is a sense of urgency for Beacon Hill to move ahead on a tax-relief package, with census data showing the Bay State has lost more than 110,000 residents to other states in the past three years…

In a written statement, Massachusetts Taxpayers Foundation President Doug Howgate said, “The commonwealth lost 110,000 residents to other states over the last three years. Sensible and sustainable changes to the tax code, like those reflected in the proposals put forward by the governor and now the…

Doug Howgate, the president of the nonpartisan Massachusetts Taxpayers Foundation, responded to the news that the House would consider tax reform with assurances the plan was both affordable and necessary. “The Commonwealth lost 110,000 residents to other states over the last three years. Sensible…

“We’re seeing in the numbers that outmigration is a real challenge for Massachusetts, affordability is a real challenge,” said Doug Howgate, head of the business-backed Massachusetts Taxpayers Foundation. The House plan “is not going to solve all that ails us, but the individual components make…

In January, budget-writers upgraded the Fiscal Year (FY) 2023 tax revenue benchmark by just over $150 million, from $39.618 billion to $39.768 billion. Tax collections for the month of March (announced on April 5th) are the first collections to be compared to the new, upgraded, FY 2023 benchmarks.…

Gov. Maura Healey has placed meaningful tax reform atop the policy agenda this session, with a $987 million package that was filed in conjunction with her inaugural budget. As we laid out in a recent report, significant tax relief is not only affordable, but even more critical than it was a year…

Gov. Maura Healey signed a supplemental budget for fiscal year 2023 Tuesday, just a few weeks after announcing her FY-2024 budget. As Doug Howgate of the Massachusetts Taxpayers Foundation explains, this is normal and is essentially a way for the state to pay their bills. “The supplemental budget…