That should change, though, according to the Massachusetts Taxpayers Foundation, which issued a brief Thursday in support of Gov. Charlie Baker’s proposal to alter the estate tax. “Massachusetts should change its estate state because we currently...

Massachusetts is one of just twelve states that applies an estate tax to the assets of deceased residents. Even among the dozen states with an estate tax, the Massachusetts version stands out due to its low threshold ($1 million) and its application...

“I think there will be significant economic consequences,” said Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, in an interview. McAnneny and the foundation have been vocal opponents of the amendment, arguing there’s no...

“I think there will be significant economic consequences,” Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, said in an interview. McAnneny and the foundation have been vocal opponents of the amendment, specifically arguing...

Governor Baker has put forward a $2.4 billion supplemental budget that uses $1.6 billion of the state’s fiscal year (FY) 2022 anticipated revenue surplus and several federal revenue sources to maintain and expand several COVID-19 related programs,...

The ballot initiative to impose an income surtax, commonly referred to as the millionaires tax or the fair share amendment, will finally be decided by voters this November. I hope we can put this ill-advised proposal to rest once and for all by...

A recent analysis from the Massachusetts Taxpayers Foundation, a pro-business research group, showed Massachusetts’ gross state product would increase by $25 billion over five years if we were to close gaps in these key areas. According to the same...

Massachusetts Taxpayers Foundation President Eileen McAnneny said changes to capital gains and estate taxes are of particular interest to retirees. "People in retirement certainly are thinking about where they'll choose to retire, and cost...

On behalf of the Massachusetts Taxpayers Foundation, I write to express my support for An Act to Improve Massachusetts Competitiveness and Reduce the Cost of Living. The package proposed by Governor Baker is fiscally responsible and positions the...

Governor Baker’s Budget – Five Things to Know Among the many elements in Governor Baker’s budget, several proposals and assumptions stand out as being particularly notable.  Each of these items will play a significant role in the budget...