“We think you can have an inclusionary tax relief proposal and still stay within that $600 million envelope for fiscal 2024,” said Doug Howgate, president of the Massachusetts Taxpayers Foundation, previewing the theme of a report the group is scheduled to issue later this week.

The Senate’s more cautious approach just wouldn’t solve the problems Healey identified. As an earlier Massachusetts Taxpayers Foundation analysis also noted about the Senate tax package, “Its exclusion of capital gains tax reform and more limited estate tax and child and dependent tax credit relief undercuts its ability to meet two key goals: promote Massachusetts’ competitiveness and address high costs of living.”