In The News: Taxes

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'Millionaires' tax' raises questions of fairness, business practices, transit needs at Statehouse hearing

Jan 20 2016

By Shira Schoenberg, MassLive

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, said that means the money from the new tax will be deposited into the state's general fund, and lawmakers will decide where it goes. "With all the competing demands on revenue, and the modest revenue growth projections for the next several years, it is not certain the money will go for new transportation or education investments," McAnneny said.
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Both sides clash on wealth-tax proposal

Jan 20 2016

By Colin Young, State House News Service / The Lowell Sun

"The money from this new marginal tax will be deposited into the general fund like all other tax revenue and used by the Legislature as it deems appropriate," said Massachusetts Taxpayers Foundation President Eileen McAnneny, who testified against the amendment. "With all the competing demands on revenue, it's not certain that the money will go for new transportation or education investments."
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Average homeowner in Mass. to see taxes rise 4%

Jan 18 2016

By Matt Rochelau, The Boston Globe

“Most communities raise taxes . . . despite the fact that property values may have gone down or inflation may have been nonexistent,” said Eileen McAnneny, president of the business-backed Massachusetts Taxpayers Foundation.
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Boston hikes age to buy tobacco to 21

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Dec 18 2015

AP / The Lawrence Eagle Tribune

In the last fiscal year, a cigarette excise tax raised $510 million for the state's general fund. About $136 million went to the state's health connector to help provide subsidized health care coverage, according to the Massachusetts Taxpayers Foundation.
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Backers Of Proposed Tax Hike On Massachusetts Millionaires File Signatures

Dec 3 2015

By Paul Tuthill, WAMC Public Radio

The state’s finances have been under fire recently from Wall Street bond rating agencies and a Beacon Hill watchdog group, the Massachusetts Taxpayers Foundation, which flagged the state’s high level of debt, unfunded pension liabilities, and the use of cash reserves to cover budget gaps
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Massachusetts, Like Boston, Weighs Raising Legal Age for Buying Cigarettes to 21

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Nov 28 2015

By Bob Salsberg, AP / The New York Times

In the last fiscal year, the cigarette excise tax raised $510 million for the state’s general fund, and $136 million went to the state’s health connector to help provide subsidized health care coverage, according to the Massachusetts Taxpayers Foundation.
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Sliver of gas tax indexing survived repeal effort

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Oct 13 2015

State House News Service / WBJournal

"It's a drop in the bucket," said Massachusetts Taxpayers Foundation President Eileen McAnneny. Using back-of-the-envelope math, McAnneny said the increase would add up to less than a dollar per driver.
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How Boston Defeated its Version of the Cloud Tax

Sep 16 2015

By Will Flanagan, ChicagoInno

While Cardarella's group was representing the collective outrage of the tech community, business organizations like the Massachusetts Taxpayers Foundation (MTF) and the Massachusetts High Technology Council were fighting on behalf of the effort. For the MTF, former president Michael Widmer was an early, vocal opponent of the tech tax.
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State officials: Too early to worry about capital gains

Aug 26 2015

By Andy Metzger, State House News Service / The Lowell Sun

Facing a midyear budget deficit, lawmakers and Gov. Charlie Baker in February rerouted those excess capital-gains revenues into the general fund. Massachusetts Taxpayers Foundation President Eileen McAnneny said fiscal 2015 capital-gains tax revenues have come in at about $1.6 billion, exceeding the amount anticipated from the February change.

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Manzi makes taxes the issue in Beverly

Aug 20 2015

By Nelson Benton, The Salem News

ccording to the latest Massachusetts Taxpayers Foundation survey of municipal financial data, the comparative tax bill for owners of a single-family home in Beverly ($5,031) stacked up pretty well against the state average of $5,257 and those in the surrounding communities of Salem ($5,944) and Danvers ($5,276). Peabody’s ($4,406) was the lowest among North Shore cities, which may explain why Bettencourt is without an opponent.
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