States rely on borrowing to manage their finances in good times and bad. Yet borrowing is not a substitute for raising the revenue needed for an economic recovery. Policymakers should look to raising progressive new revenues paired with limited borrowing to avoid cuts to critical public spending.
By returning the state corporate income tax to pre-2010 rates, the Commonwealth could raise $375 million to $500 million a year to help fund a racially equitable, economically just, and robust recovery.
Massachusetts lawmakers are considering whether to enable all drivers, regardless of immigration status, to obtain state driver’s licenses. Here are seven reasons to support such …
More than $3.3 billion in CARES Act funding comes to our Massachusetts communities based on population estimates from the census. Learn how the Commonwealth can get its fair share of power and money through a complete, accurate 2020 Census count in our latest report.
As a result of the pandemic, municipalities face increased spending needs and declining revenues. Many have the ability to raise property taxes, though others are constrained by Proposition 2 1/2. Moreover, property taxes tend to fall hardest on those with lower incomes. Without sufficient municipal aid, cities and towns may be forced to make public cuts which would slow the economic recovery.
As the Commonwealth’s early education and care sector reopens, many providers are at risk of closing permanently unless there is a significant new source of funding. Learn more about COVID-19’s impact on early education in our latest report, and what it will take to safely reopen.
Cutting budgets and failing to invest in communities hardest hit by the pandemic perpetuates the deep racial inequities built into the current system. Learn more about how the Commonwealth has solved the challenges of past economic recessions in our latest report.
This country was built upon racist ideas and policies that we must all work deliberately to undo every day. These policies, such as Jim Crow laws, …
Tens of thousands of undocumented, essential workers at risk of lost jobs, lost pay, exposure to COVID-19
Immigrants without status form the backbone of Massachusetts â€” producing our food, tending to our loved ones, and stocking our supermarkets. But the COVID-19 pandemic and widespread business closures mean many of these undocumented workers have found themselves at risk of losing their jobs, losing income, or being exposed to the virus.
The Commonwealth has responded to the COVID-19 pandemic and its economic consequences by implementing several bold new federal unemployment policies that are also supported with federal funds. These have provided crucial protection to many workers and the economy, though undocumented workers have been excluded. Since late April, the greatest volume of unemployment claims have been for a new program for workers traditionally ineligible for unemployment insurance. Without new federal legislation, this program will expire at the end of the year. The federally-funded $600 enhancement to weekly benefits will expire at the end of July. The loss of these benefits would hurt many workers and slow the state’s economic recovery.