Publications: Taxes

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  • September 22 2010

    Voter approval of Question 3 would result in across-the-board cuts of approximately 30 percent in virtually all state programs, including local aid, higher education, human services, prisons, courts, environmental protection, and state parks and beaches, according to a report released today by the Massachusetts Taxpayers Foundation.

    The report concludes that state leaders would face a $4.5 billion shortfall in the fiscal 2012 budget - an already existing structural deficit of at least $2 billion plus $2.5 billion of reduced tax revenues by cutting the sales tax from 6.25 percent to 3 percent.

  • September 16 2010
    In a presentation to business and government leaders, MTF President Michael Widmer described the $2 to $2.5 billion budget gap facing the state in 2012, which will likely turn out to be the most difficult year of the state's extended fiscal crisis. Compounding this predicament, should voters approve the ballot question to cut the sales tax from 6.25 to 3 percent, the state would lose $2.5 billion in revenues raising the 2012 shortfall to nearly $5 billion.
  • April 28 2009
    The Foundation addresses several questions about an increase in the state's sales tax including how much would be raised, what it will cost the average taxpayer and how Massachusetts compares with other states.
  • March 3 2009
    In collaboration with four other groups, the Foundation has put forward a comprehensive transportation reform and finance plan to address the long backlog of transportation investments critical to the Massachusetts economy. The plan encompasses the recommendations of the Transportation Finance Commission, on which the Foundation served, including changes to the MBTA's benefit structure that could save between $1 and $2 billion over the next 20 years. The proposed 25 cent increase in the gas tax would enable the Commonwealth to address the rapidly deteriorating roads and bridges in each section of the state, putting the regional transit authorities and the Western Turnpike, as well as the MBTA, on stronger financial footing, and provide some toll relief to those using the Metro Highway System.

     


  • October 20 2008

    This report was prepared by: Global Insight, Inc.

    Sponsored by:

    Associated Industries of Massachusetts
    Greater Boston Chamber of Commerce
    Massachusetts Business Roundtable
    Massachusetts Taxpayers Foundation

     

  • October 15 2008
    In order to try to minimize the enormous consequences of Question 1, the proponents argue incorrectly that total state spending is $47 billion when, as the Foundation has shown, the correct number is approximately $31.8 billion.
  • September 21 2008
    An upcoming analysis by the Massachusetts Taxpayers Foundation shows that if one were to preserve the 2008 level of spending for Medicaid, health reform, state aid to municipalities, and debt service, then one would have to eliminate every other program of state government - from prisons, courts, and State Police to funding for higher education and the elaborate network of services for the elderly
  • October 2007
    On October 25 the Foundation released a report analyzing the revenue projections included in the administration's plan to license three casinos in Massachusetts. The detailed analysis raises a variety of questions about the revenues and benefits from the three casinos, including an assessment of the impact on property taxes and transportation needs.
  • October 2002
    MTF and three other business organizations have joined together to defeat Question 1, the Libertarian Party's reckless proposal to abolish the state income tax. If adopted, this extreme measure would throw the finances of state and local governments into chaos and inevitably lead to major increases in property and sales taxes. View MTF's Case Against Question 1.