January 24, 2023
PUBLIC FINANCE > Taxes > Income Tax

Mass DOR head: No signs yet that ‘millionaires tax' is causing taxpayers to flee

Benjamin Kail ,

Boston Business Journal

Evan Horowitz, executive director of Tufts University’s Center for State Policy Analysis, and Doug Howgate, president of the Massachusetts Taxpayers Foundation, urged lawmakers to spend a specific amount of the surtax revenue annually (Horowitz called for at least $500 million while Howgate suggested an initial cap of $500 million). They also pushed lawmakers to establish a savings or trust mechanism to hold some additional revenues for future years.