In The News: Income Tax

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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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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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Coalition would raise taxes on Massachusetts residents earning more than $1 million annually

Aug 2 2015

By Shira Schoenberg, MassLive

Eileen McAnneny, president of the business-oriented Massachusetts Taxpayers Foundation, noted that there already is progressiveness in the tax code, due to exemptions and credits that are available to low-income individuals. According to 2013 figures from the Department of Revenue, taxpayers earning more than $100,000 already pay 72 percent of the taxes collected in Massachusetts, even though they make up just 19 percent of taxpayers. Those earning more than $1 million annually pay 20 percent of all the income taxes collected in the state.
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Lawmakers grapple over tax fairness

Jun 10 2015

By Christian Wade, CNHI Statehouse Bureau

“There’s no question that the purpose of this measure is to increase progressivity in the state’s income tax code,” said Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, which supports the current flat tax. “The unanswered question is whether this is a move towards a graduated tax or something in place of it.”
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Tax cut coming Jan. 1

Jan 7 2015

By Gary Tuoti, SouthCoast Today

The Massachusetts Taxpayers Foundation projects a total state budget deficit of more than $1 billion.
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Martha Coakley's comments on graduated income tax criticized by taxpayer watchdogs

Oct 24 2014

By Garrett Quinn, Masslive

"Amending the state’s constitution and adding to the tax burden of middle and higher income taxpayers, including businesses that pay personal income taxes, would pose one more disincentive to job creation in the state," said Widmer while testifying before the commission.
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Income inequality impacting state tax revenues

Sep 15 2014

By Tiffany Chan, WWLP

The President of the business-backed Massachusetts Taxpayers Foundation argues that it would only target the upper-class. “I think the proponents, many of them of the graduated income tax really want to be able to raise taxes on the higher income people without having to raise taxes on everybody,” said President Michael Widmer.
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New study suggests overhauling state personal income tax could help with revenue

Sep 15 2014

By Philip Marcelo, AP / The Republic

Michael Widmer, a member of the Tax Fairness Commission who opposed the recommendation, says such an overhaul would only compound income inequality by discouraging business investment. The president of the Massachusetts Taxpayers Foundation, a business-backed research group, he suggested more "modest" changes to the tax code, such as raising the value of certain tax exemptions for individuals and married couples. "That goes directly to the spending power of that person on the lower end that's living in a high cost state and trying to make ends meet," Widmer said.
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Massachusetts Lawmakers Examine “Fairness” of State Tax Code

Mar 3 2014

By Zeke Wright, GoLocalWorcester

Michael Widmer, a member of the committee and president of the Massachusetts Taxpayers Foundation, voted against the graduated income tax measure, saying it would undercut the creation of jobs and be counterproductive toward the goal of a more competitive economy.
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