In The News

Op-Ed: Ruling on millionaire tax right one constitutionally

Jul 3 2018

By Eileen McAnneny, CommonWealth Magazine

AS A PLAINTIFF in the lawsuit Anderson v. Attorney General, I applaud the court’s decision, although I don’t consider myself or the Massachusetts Taxpayers Foundation, the organization that I represent, the winner. The real winner is our democracy.

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Mass. is one of just 2 states that hasn't passed a budget for this fiscal year

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Jul 2 2018

By Joshua Miller, The Boston Globe

According to the business-backed watchdog Massachusetts Taxpayers Foundation, the House-passed budget has 109 non-spending sections, while the Senate has 185. “As has been the case in recent years, the Senate budget includes significantly more policy provisions that the House,” the foundation said in a report last week. “This mismatch in the number of sections can make it difficult to resolve policy differences in a way that is satisfactory for both branches.”
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New fiscal year starts without state budget in place

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Jul 1 2018

AP / The Boston Herald

The House and Senate versions of the roughly $41 billion spending plan have similar bottom lines. But an analysis by the Massachusetts Taxpayers Foundation finds about $500 million in differences in how the money should be spent.
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Capital gains windfall triggers $290M rainy day fund deposit

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Jun 29 2018

By Michael Norton, State House News Service / The Berkshire Eagle

Capital gains taxes are assessed on investment gains and analysts have tied some portion of the spike in taxes to impacts of the new federal tax law. The Massachusetts Taxpayers Foundation this week cautioned that a surge in sales of capital assets is temporary and can't be counted on for ongoing revenue.
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Spending, policy differences point to late state budget

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Jun 28 2018

By Colin A. Young and Michael P. Norton, State House News Service / The Daily News

In a report released Tuesday, the Massachusetts Taxpayers Foundation (MTF) said revenue assumptions in the House and Senate budgets are similar, but there are “significant spending discrepancies between the two budgets.” If negotiators combined all new revenue sources from each budget, it would boost revenue by no more than $40 million — or about $228 million shy of the amount that would be needed to support all House and Senate spending priorities, MTF said.
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The state is putting some decent cash into its rainy day fund. Finally

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Jun 28 2018

By Joshua Miller, The Boston Globe

“It’s a great development,” said Eileen McAnneny, president of the business-backed Massachusetts Taxpayers Foundation. “We need to replenish the stabilization fund because it will provide the cushion we need for the next economic downturn,” she said, using the formal name for the rainy day account.
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Massachusetts will start FY19 without permanent budget

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Jun 28 2018

By Shira Schoenberg, MassLive

According to a Massachusetts Taxpayers Foundation analysis, the two budgets are relatively similar in terms of revenue, although the Senate counts on getting money from taxing Airbnb and other short-term room rentals and also on taking money out of a horse racing fund, which the House does not.
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Lawmakers are looking at their own ‘millionaire’s tax,’ but it’s going to take a while

Jun 22 2018

By Joshua Miller, The Boston Globe

“The income surtax petition has raised legal, fiscal and economic concerns for the Massachusetts Taxpayers Foundation,” said Eileen McAnneny, the group’s president. While the high court’s ruling addressed the legal concerns, she said, “the fiscal and economic ones remain as does our apprehension of embedding a tax in the constitution. Given that our infrastructure continues to deteriorate, waiting another 4 years to have the legislature amend the constitution as Senator Lewis proposes is not the best path forward.” Instead, she said, the difficult conversations about how to comprehensively address the needs of the state in a way that helps rather than hinders the economy should begin right now.
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Editorial: Taxing online retailers helps Mass. coffers

Jun 22 2018

The Boston Globe

Those governments are now expected to swiftly start forcing online vendors to collect taxes. The Department of Revenue downplayed Thursday the potential impact on state revenues, but Eileen McAnneny, the president of the Massachusetts Taxpayers Foundation, said the additional tax collections now could reach “potentially in the hundreds of millions.”
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Massachusetts High Court Strikes Down Millionaire’s Tax

Jun 19 2018

By Aaron Nicodemus, BNA / Bloomberg

‘Logrolling’ Argument: Representatives for the business groups—Associated Industries of Massachusetts, the Massachusetts High Technology Council, the Massachusetts Taxpayers Foundation, the National Federation of Independent Businesses, and the Massachusetts Competitive Partnership—had argued that the amendment paired an unpopular provision (the graduated income tax) with two popular ones (funding for education and transportation), a practice known as logrolling.
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