In The News: Taxes

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EDITORIAL: No need to lose Fair Share of Mass. business growth

Oct 7 2017

Sentinel & Enterprise

Don't worry about the rich. They can move or remain in Massachusetts no matter the tax burden. It's the businesses that won't expand or take root at all - and all the jobs they would create -- that should be our main concern if the added tax on those high earners becomes law.
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Business Groups Sue To Block 'Millionaires Tax' From Massachusetts Ballot

Oct 4 2017

By Paul Tuthill, WAMC

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, said the ballot initiative, which would amend the state constitution, is a bad idea. " The mission of the Mass Taxpayers Foundation is to promote the long term economic well-being of the Commonwealth, and we feel this ballot initiative has negative long term implications for the way we budget, so we challenged whether or not it is valid," McAnneny explained.
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‘Millionaire’s Tax’ ballot petition faces legal challenge

Oct 4 2017

By Elisa Machado, 22WWLP

Eileen McAnneny, President of the Massachusetts Taxpayers Foundation, told 22News, “We’re concerned that the question is not properly before voters, that it violates the constitution.” “This question combines several unrelated matters into one question and then it gives voters a kind of hobsonian choice if you will,” said McAnneny.
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Massachusetts business groups ask state's Supreme Judicial Court to stop 'millionaires tax' from reaching 2018 ballot

Oct 3 2017

By Gintautas Dumcius, MassLive

The plaintiffs in the complaint against the proposed amendment, along with Anderson, are Christopher Carlozzi, the Massachusetts state director of the National Federation of Independent Business (NFIB); Richard Lord, president and CEO of Associated Industries of Massachusetts (AIM); Eileen McAnneny, president of the Massachusetts Taxpayers Foundation (MTF); and Daniel O'Connell, president and CEO of the Massachusetts Competitive Partnership (MACP), and a former top aide to Gov. Deval Patrick.
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Business Groups Sue To Stop Massachusetts ‘Millionaire Tax’

Oct 3 2017

By Bob Salsberg, AP / CBS

"We are challenging the ‘how’ of this ballot initiative, not the ‘what’ or the ‘why,'” said Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, a business-backed fiscal research group that is also party to the Supreme Judicial Court lawsuit. “This is about process, not policy.”
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NH candidate makes pitch to Mass. millionaires

Jul 7 2017

By Katie Lannan, State House News Service / Newburyport News

The Massachusetts Taxpayers Foundation, however, has cautioned that if one-third of the 900 tax filers projected to make more than $10 million annually were to relocate, total income tax revenues would drop by approximately $750 million, including $410 million in taxes from the current rate and $335 million projected under the surtax.
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Millionaires might complain about new tax, but they probably won’t flee, studies show

Jun 21 2017

By Michael Levenson, The Boston Globe

A study by the Center on Wealth and Philanthropy at Boston College found that, in the four years following New Jersey’s income tax increase, $70 billion in wealth left the state, while the expected amount of charitable giving fell by $1.1 billion. “It doesn’t take too many of them to leave before it adds up,” said Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, a business-backed think tank that opposes the higher tax rate in this state.
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Massachusetts Millionaires Tax Will Face Voters in 2018

Jun 15 2017

Bloomberg BNA News

However, detractors like the Massachusetts Taxpayers Foundation and Associated Industries of Massachusetts say the new surtax will drive wealthy residents from the state, causing estimates of tax revenue to drop as well.
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Mass. Lawmakers Push 'Millionaire's Tax' Through To 2018 Ballot

Jun 14 2017

By Steve Brown, WBUR

Critics say it would drive away jobs and hurt businesses in the state. A recent report by the Massachusetts Taxpayers Foundation predicts the plan could also backfire by giving wealthy residents a significant incentive to move away.
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Democratic candidates for governor pressure Baker on income surtax

Jun 14 2017

By Matt Murphy, State House News Service / The Lowell Sun

Backers of the surtax say the state needs the estimated $1.6 billion to $2.2 billion in new revenues to invest in public education and transportation infrastructure, but critics, including the business-backed Massachusetts Taxpayers Foundation, warned this week that the proposal could cause wealthy Bay State residents to move to less expensive states and warned new revenues would likely be needed to plug budgets gap rather than finance new investments.
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