In The News: Taxes

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Lawmakers could tap emergency fund for pot regulation

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Nov 30 2016

By Joshua Miller, The Boston Globe

“If you don’t have a funding source — which they don’t — and you have a tight budget — which they do — the stabilization fund is really your only option,” she said. “Unfortunately, the ballot initiative did not provide a funding mechanism for all those upfront costs.” Still, McAnneny emphasized, the money must be a loan that is paid back soon after pot tax revenue begins flowing. And the terms and conditions of that loan have to be transparent, so fiscal watchdogs like bond rating agencies know the money will be repaid and available for tough fiscal times.
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Mass. sales tax collections fall for first time in 3 years

Jul 28 2016

By Jon Chesto, The Boston Globe

“There are certainly some signs that things are slowing down,” said Eileen McAnneny, president of the Massachusetts Taxpayers Foundation. “The sales tax is the second-largest source of tax revenue for the Commonwealth. If it’s going down, we need to be paying careful attention to that.”
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Poll Shows Support For " Millionaires' Tax" In Massachusetts

Apr 26 2016

By Paul Tuthill, WAMC Public Radio

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, said the best way for the state to collect more tax revenue is to help the economy create more jobs. " Grow the base, so you don't increase the tax rates, but increase the number of people subject to them," she said. " A robust economic development strategy is one way to help grow revenues."
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Massachusetts offering tax amnesty

Apr 5 2016

By Gerry Tuoti, Wicked Local Cape Cod

When deciding to offer tax amnesty, state policymakers must decide whether getting a quick influx of revenue is worth foregoing the amount of money that could be collected as penalties, said Doug Howgate, a researcher with the nonprofit Massachusetts Taxpayers Foundation.
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State's tax amnesty program begins April 1

Mar 31 2016

By Gerry Tuoti, The Herald News

When deciding to offer tax amnesty, state policymakers must decide whether getting a quick influx of revenue is worth foregoing the amount of money that could be collected as penalties, said Doug Howgate, a researcher with the nonprofit Massachusetts Taxpayers Foundation.
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The Complicated Business of Evaluating Tax Incentives

Feb 25 2016

By Liz Farmer, Governing

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, says that most of the tax credits the state gives out don't specify expectations for the employer. She argues that giving Bump access to tax returns would yield "very subjective" results. "For example, was the brownfields tax credit enacted to create jobs, clean-up contaminated sites or to facilitate economic development?" she says. "Its effectiveness could vary widely depending on the criteria you are using to evaluate it."
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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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