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- March 8 2016
Last fall, the Massachusetts Taxpayers Foundation released a Stabilization Fund report that drew attention to the risks the state runs by failing to rebuild “rainy day” reserves during times of economic recovery. This companion brief explores how reliance on capital gains tax revenues in the operating budget both increases the dangers posed by a fiscal crisis and weakens our ability to respond to one.
- July 28 2015On behalf of the Massachusetts Taxpayers Foundation, I am writing in support of House Bill 3639, An Act to clarify the net-worth measure of the corporate excise.
- July 17 2015The MTF is pleased to report that we were successful in preserving the FAS 109 tax deduction for over 120 companies based in Massachusetts while increasing the EITC to 23 percent thanks to the efforts of Governor Baker, Senate President Rosenberg and Speaker DeLeo.
- July 8 2015A letter from the Massachusetts Taxpayers Foundation, Associated Industries of Massachusetts, the Greater Boston Chamber of Commerce and the Massachusetts Business Roundtable urging the Governor to veto the elimination of the FAS 109 Deduction.
- June 9 2015Testimony of Eileen McAnneny Submitted to the Joint Committee on Revenue For the Hearing on Corporate Tax BillsThe Commonwealth of Massachusetts boasts a robust economy with a well-paid and highly educated workforce, and maintaining both is critical to the long-term health and stability of our state. To do this, Massachusetts must ensure not only that it fosters the creation of new businesses, but also that it is an attractive place to expand and maintain existing businesses.
- June 2 2015
In its fiscal 2016 budget, the Senate proposed increasing the state’s earned income tax credit (EITC), raising personal exemptions, and funding those measures by freezing the income tax rate at 5.15 percent with the goal of increasing the state’s personal income tax progressivity.