Testimony to the Economic Roundtable: We must ensure collective well-being and economic security in the Commonwealth
Read the full testimony from our President, Marie-Frances Rivera, for the Massachusetts Legislature’s April Virtual Economic Roundtable, originally scheduled for April 7, 2020.
We Must Provide Robust Economic Relief and Recovery for Vulnerable Populations and Children in Massachusetts Policy is the lever that we can pull to bring …
Had earnings for people at all income levels continued to grow in line with overall income growth as occurred during the three decades before the 1980s, 90 percent of Massachusetts households would have substantially higher incomes today. This fact sheet describes how much lower incomes are as a result of growing disparities, how much larger an income share is held by the top 1 percent of income earners, and how the top 1 percent pay the smallest share of their income in state and local taxes.
Beginning in 1998, a number of significant changes were made to the Massachusetts tax code–including a series of phased cuts to the state personal income tax. These cuts have reduced our capacity to fund essential services.