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Ending the Tax Penalty Against Working Immigrants: MA Should Follow Other States Extending EITC to Immigrant Tax Filers
Who are ITIN filers? Immigrants in Massachusetts have shouldered an outsized risk as frontline workers during the pandemic. Yet thousands of immigrants and their families …
Terminando con la penalidad contributiva para inmigrantes trabajadores
Los inmigrantes en Massachusetts han asumido un riesgo excesivo como trabajadores de primera línea durante la pandemia. Pero miles de ellos y sus familias, que …
Beacon Hill’s “Double-Dip” Tax Break Misses the Mark for Struggling Communities, Families, and Small Businesses
Statement by Marie-Frances Rivera, MassBudget President, on the PPP “double-dip” tax break “The Legislature’s decision yesterday on Emergency Paid Sick Time and Unemployment Insurance …
Making sense of the state budget, taxes, and the Governor’s FY22 proposal
MassBudget welcomed our new and returning Massachusetts legislators and their staff with an overview of the state budget and taxes, as well as a briefing on the Governor’s FY 2022 budget proposal. Re-watch the briefing here.
Massachusetts Should Prohibit “Double-Dip” Tax Break for Profitable Businesses
Click here for a PDF version of this statement. S.D. 172, “An act providing financial relief to small businesses during the COVID-19 pandemic”, is bad …
Raising Rates on Unearned Income: An Equitable Way to Avoid Cuts and Support a Robust and Just Recovery
As a Commonwealth, we must respond to these intertwined health and economic crises in ways that acknowledge and correct for these deep-seated and longstanding inequities. …
FY 2021 Budget & Tax Options
Two weeks ago, the Executive Office of Administration and Finance (ANF) provided updated revenue projections for the current fiscal year (FY21). ANF now estimates an …
Testimony for the House and Senate Ways and Means Committees, the Joint Committee on Revenue, and the Executive Office of Administration and Finance Economic Roundtable
We’re clearly in a budget crisis. Which is extremely troubling at this time, when we need real, comprehensive relief for families and individuals — so many of our neighbors, young and old, are struggling with accessing basic necessities and keeping healthy and well.
Our Commonwealth’s budget – how we raise revenue through taxes and fees, and how we spend that revenue – is the clearest picture of our shared values. Considering the revenue side picture is crucial, but the other side of the ledger is just, if not more important.
State Borrowing is No Substitute for New Revenue in Dealing with the COVID-19 Economic Downturn
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.
Supporting Racial Equity and a Robust Recovery with a Corporate Income Tax Rate Increase
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.
