View more in Tax Credits
Apr 1 2013
Andy Bagley, director of research and public affairs at the Massachusetts Taxpayers Foundation, said production companies use the tax credits to bring in the higher-paying skilled talent from out of state, leaving the lower-paying, menial, part-time jobs to residents. Bagley thinks the taxpayer money should be used elsewhere, such as for education.
Mar 20 2013
But Andy Bagley, of the Massachusetts Taxpayers Foundation, said the tax credits should be eliminated. He said they are not worth the money they cost the state and there's no permanence to the jobs they bring. "The jobs created are small, most of them are part time. It's a highly mobile industry that goes from state to state looking for the best deal," said Bagley.
Feb 4 2013
Gov. Deval Patrick’s planned shifting of the income and sales tax rates would essentially result in a revenue “wash” and the bulk of $1.9 billion in new revenues under his tax code overhaul would come from eliminating specific exemptions and deductions, according to the Massachusetts Taxpayers Foundation.
Jul 15 2012
“It's a very expensive incentive,” said Michael J. Widmer, president of the Massachusetts Taxpayers Foundation. “There's a gain in jobs and some economic activity, though it's small. The problem is the cost in order to achieve those gains.”
Aug 22 2011
Michael Widmer, president of the Massachusetts Taxpayers Foundation, in April called the state's film industry tax policies the “classic bad bet,” adding that he equates movie-making in Massachusetts, and the outflow of tax benefits, with laying off teachers and cutting services.
Jun 12 2011
There is no compelling justification for the commonwealth’s $100-million-a-year subsidy for the film industry, much of which merely underwrites the salaries of rich Hollywood actors. “All the evidence shows that this is a very costly tax credit with minimal economic impact,’’ Michael Widmer, president of the Massachusetts Taxpayers Foundation, testified in March. The few hundred new, mostly short-term, jobs attributable to the film subsidy in 2009,
Apr 9 2011
Even business leaders are starting to question whether the forgone revenue from some of the tax breaks could be better spent elsewhere. “I feel like any time we make a film in Massachusetts we lay off some more teachers,’’ said Michael Widmer of the Massachusetts Taxpayers Foundation.
Apr 7 2011
Widmer called the state’s film industry tax policies the “classic bad bet,” adding that he equates movie-making in Massachusetts, and the attendant outflow of tax benefits, with laying off teachers and cutting services, practices that have become common during the ongoing four-year crisis in state budgeting.
Jan 21 2011
Michael Widmer, president of the Massachusetts Taxpayers Foundation, said calculating a tax credit's impact on the economy is difficult. He thinks the state should shy away from giving large corporate tax credits to specific companies as a way to create jobs.
Jan 20 2011
Still, it's not good enough for critics such as Michael Widmer, the president of the business-backed Massachusetts Taxpayers Foundation. Widmer says he's pleased that production work declined last year because the Patrick administration is preparing for another budget deficit, one that could exceed $1.5 billion.