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Feb 27, 2023
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Feb 27, 2023
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The nonpartisan Massachusetts Taxpayers Foundation said Healey’s plan noticeably fell short of the foundation’s own $1.3 billion tax relief vision.
But the foundation remarked Healey’s proposal is significant and described the package as “a strong start to tax relief discussions this year.”
“At…
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Feb 27, 2023
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Feb 27, 2023
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“It’s a big step in the right direction,” said Doug Howgate, the president of the Massachusetts Taxpayers Foundation, in an interview. “It shows she’s pragmatic and she wants to solve problems.”
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Feb 27, 2023
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Feb 27, 2023
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Doug Howgate, president of the Massachusetts Taxpayers Foundation, praised the underpinnings of Healey’s tax relief package to “retain families, seniors and employers.”
“The proposal laid out today would help make Massachusetts less of an outlier compared to its peers and help the commonwealth…
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Feb 27, 2023
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Feb 27, 2023
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Today, Governor Healey announced the details of a tax relief proposal that she plans to file in conjunction with her Fiscal Year (FY) 2024 budget proposal on March 1st. The tax package, which has an FY 2024 budget impact of $742 million and an annualized impact of $986.5 million, shares key…
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Feb 26, 2023
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Feb 26, 2023
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But tax reform can’t fall by the wayside again. Massachusetts is indeed a wonderful place to live — for those can afford it. So expanding the existing child and dependent care tax credit would, according to the Taxpayers Foundation, benefit more than 500,000 tax filers caring for more than 1…
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Feb 20, 2023
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Feb 20, 2023
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According to the foundation, though, Healey should also consider changes that will encourage higher income workers to stay in and around Boston’s tech hub.
“Crafting a package that takes on key costs for historically marginalized communities and working families, while reducing incentives for…
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Feb 16, 2023
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Feb 16, 2023
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Tax policy is at the forefront of the legislative and fiscal agenda in 2023 as the state implements the income surtax, reassesses a tax package that garnered bipartisan support last year, and welcomes a new gubernatorial administration that has made tax relief a major policy priority.
After…
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Feb 09, 2023
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Feb 09, 2023
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Massachusetts Taxpayers Foundation President Doug Howgate said his preference would be for the Legislature to focus more on tax relief than altering Chapter 62F, although he also said MTF was “happy to look” at proposals for alteration.
“The premise that when tax revenues exceed a reasonable…
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Feb 02, 2023
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Feb 02, 2023
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Governor Healey’s Capital Authorization Bills
On Thursday, January 19th, Governor Maura Healey filed the first capital bond bills of her Administration, totaling $1.4 billion. The first bill focuses on what the Administration identifies as the “immediate needs” of municipalities, and includes $987…
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Feb 02, 2023
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Feb 02, 2023
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Chapter 62F of the Massachusetts General Laws establishes a limit on annual state tax revenue collections. The law, passed by an initiative petition in 1986, created a process by which actual tax collections are compared to an allowable tax revenue threshold, adjusted annually on the basis of wage…
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