In The News: Tax Credits

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Call to audit tax breaks brings howls

Mar 11 2014

By Steven Syre, The Boston Globe

The heads of Associated Industries of Massachusetts, the Greater Boston Chamber of Commerce, the Massachusetts Business Roundtable, and the Massachusetts Taxpayers Foundation came together to write a letter to the chairmen of the Legislature’s Joint Committee on Revenue, warning about the “chilling” implications of the auditor’s plans.
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Massachusetts' film tax credit: Hit or bomb?

Apr 1 2013

By Peter McQuaid, The Lowell Sun

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.
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Massachusetts film industry applauds tax credit program

Mar 20 2013

By Amalia Barreda, WCVB

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.
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Governor's 'revenue' plans KOs exemptions

Feb 4 2013

By Andy Metzger, State House News Service / The Glouscester Times

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.
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Massachusetts' film tax credits lure productions

Jul 15 2012

By Priyanka Dayal McCluskey, The Worcester Telegram

“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.”
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Another movie headed for filming in Massachusetts

Aug 22 2011

By Colleen Quinn, The Patriot Ledger

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.
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The tax break game

Jun 12 2011

By Jeff Jacoby, The Boston Globe

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,
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Mass. dangles carrots too quickly

Apr 9 2011

By Renee Loth, The Boston Globe

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.
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Murray offers plan to monitor overhaul of state services

Apr 7 2011

By Kyle Cheney and Michael Norton, Enterprise News / State House News Service

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.
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State: Evergreen Solar should return more $$

Jan 21 2011

By Chris Camire, Nashoba Publishing

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.
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