In The News: Income Tax

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Tax could deflate state's economy

Mar 15 2018

The Eagle Tribune

The president of the Massachusetts Taxpayers Foundation told the assembled lunchtime crowd that the state's economy was strong. What's more, the economic recovery has lasted longer than those in the past, and state tax receipts are coming in above estimates. Still, McAnneny worries about clouds on the horizon -- that extra tax money may be coming from folks who tried to pay their taxes early, ahead of federal reform efforts. The state still isn't setting enough money aside in its "rainy day" fund to satisfy credit rating agencies like Moody's and Standard & Poor's.
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Editorial: Bay State’s golden geese

Feb 18 2018

The Boston Herald

Mass. Taxpayers agrees, noting “Massachusetts already has a migration problem.” A net 475,000 people ($18.9 billion in adjusted gross income) left the state from 1993 to 2016. “The additional 4 percent income surtax will surely drive more Massachusetts taxpayers to change their state of tax residency.”
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Millionaire tax wrong way to play Robin Hood

Feb 18 2018

By Edward Murphy, CommonWealth Magazine

The new $10,000 limit will therefore cost those filers more than a third of their deductions and the aggregate cost is enormous. According to the Massachusetts Taxpayers Foundation, the state’s filers will lose approximately $7.5 billion in deductions under the new law.
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Top earners could leave state, tax study finds

Feb 13 2018

By Christian Wade, The Daily News

The Massachusetts Taxpayers Foundation has estimated about 19,600 tax filers would be affected by the 4 percent tax, generating about $1.9 billion a year.
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SJC reviews fight over ballot question on extra tax for incomes over $1 million

Feb 6 2018

By Jon Chesto, The Boston Globe

The plaintiffs who oppose it include top executives at Associated Industries of Massachusetts, the National Federation of Independent Business, the Massachusetts Taxpayers Foundation, Massachusetts High Technology Council, and the Massachusetts Competitive Partnership.
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High court to hear challenge to 'millionaire tax' question

Feb 5 2018

By Bob Salsberg, AP / The Boston Herald

The Massachusetts Taxpayers Foundation, Associated Industries of Massachusetts, the Massachusetts Competitive Partnership and the state chapter of National Federation of Independent Business also joined in the suit challenging Democratic Attorney General Maura Healey's 2015 ruling that certified the initiative petition.
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EDITORIAL: No need to lose Fair Share of Mass. business growth

Oct 7 2017

Sentinel & Enterprise

Don't worry about the rich. They can move or remain in Massachusetts no matter the tax burden. It's the businesses that won't expand or take root at all - and all the jobs they would create -- that should be our main concern if the added tax on those high earners becomes law.
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Business Groups Sue To Block 'Millionaires Tax' From Massachusetts Ballot

Oct 4 2017

By Paul Tuthill, WAMC

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, said the ballot initiative, which would amend the state constitution, is a bad idea. " The mission of the Mass Taxpayers Foundation is to promote the long term economic well-being of the Commonwealth, and we feel this ballot initiative has negative long term implications for the way we budget, so we challenged whether or not it is valid," McAnneny explained.
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‘Millionaire’s Tax’ ballot petition faces legal challenge

Oct 4 2017

By Elisa Machado, 22WWLP

Eileen McAnneny, President of the Massachusetts Taxpayers Foundation, told 22News, “We’re concerned that the question is not properly before voters, that it violates the constitution.” “This question combines several unrelated matters into one question and then it gives voters a kind of hobsonian choice if you will,” said McAnneny.
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Massachusetts business groups ask state's Supreme Judicial Court to stop 'millionaires tax' from reaching 2018 ballot

Oct 3 2017

By Gintautas Dumcius, MassLive

The plaintiffs in the complaint against the proposed amendment, along with Anderson, are Christopher Carlozzi, the Massachusetts state director of the National Federation of Independent Business (NFIB); Richard Lord, president and CEO of Associated Industries of Massachusetts (AIM); Eileen McAnneny, president of the Massachusetts Taxpayers Foundation (MTF); and Daniel O'Connell, president and CEO of the Massachusetts Competitive Partnership (MACP), and a former top aide to Gov. Deval Patrick.
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