Together, the people of Massachusetts can build a better Commonwealth, one that advances both economic and racial justice. We can transform our communities by addressing …
To the Joint Committee on Revenue December 14, 2021 RE: Testimony in support of An Act Relevant to the Repeal of the Sales Tax Exemption …
To the Joint Committee on Revenue December 13, 2021 RE: Testimony in support of An Act to increase family stabilization through the earned income tax …
ALL TAXES REPORTS
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.
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, …
Testimony supporting legislation for state stimulus checks for taxpayers excluded from federal benefits because they pay taxes with an Individual Tax Identification Number (ITIN) instead of a social security number.
Anyone concerned about Massachusetts’ economic recovery should be worried about state and municipal budget cuts. This is not the time for austerity. Avoiding budget cuts through targeted tax increases is the best way to build a strong recovery in Massachusetts. Learn more in the latest on our Blogs & Briefs publication.
What were the tax breaks provided to the wealthy and businesses in the CARES Act? What is the cost of these tax breaks? Learn how these tax breaks could impact the Commonwealth's recovery from COVID-19.
Bringing in the Relief Part I: Federal Fiscal Relief for our State Budget is Critical for a Strong, Just Recovery
For more on federal fiscal relief, read That’s A Relief Part I: Federal Fiscal Relief to Massachusetts in Recently-Passed Legislation and That’s A Relief Part II: Federal Fiscal …
Read the full statement by Marie-Frances Rivera, president of the Massachusetts Budget and Policy Center (MassBudget), in response to the Governor’s Reopening Massachusetts plan amid the COVID-19 pandemic.
A new tax subsidy initially approved two decades ago, the state charitable deduction, is set to automatically go into effect in January 2021, reducing revenue by $300 million annually. Are there ways to stem revenue loss and limit the subsidy to high incomes? Learn more about what the state charitable deduction could mean for the Commonwealth amid COVID-19.
How has the crisis affected the state budget and what does this mean? MassBudget has compiled the answers to some commonly asked questions and we want to hear from you. Read the latest and share your thoughts!
What is the Municipal Liquidity Facility? How does it work? How does it help Massachusetts? Learn more about how the Federal Reserve’s new loan program for states affects the Commonwealth.
Learn about how the pandemic is impacting the state budget process, essential programs, and how the Commonwealth can prepare for the road to recovery amid COVID-19.