Kids Count Data Center
Raising Rates on Unearned Income: An Equitable Way to Avoid Cuts and Support a Robust and Just Recovery
For each one percentage point increase in the state tax rates applied to unearned income, the Commonwealth could raise roughly $465 million a year to …
This was a presentation to a coalition of policy advocates, social service providers, and academics, to give members an overview of the Baker Administration’s revised …
ALL BUDGET RESOURCES REPORTS
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.
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.