May 04, 2022

With tax revenues soaring, Spilka calls for relief package

Senate president offers no details, promises action before end of June

Bruce Mohl ,

Commonwealth Magazine

Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, said the increase in revenue is something she hasn’t seen in her lifetime. “It is incredible,” she said. McAnneny said inflation and labor shortages are pushing up wages and as they increase so do taxes on them. She said tax returns in April were accompanied by income tax levies on the receipt of dividends and capital gains from the sale of stock over the prior year. “Those numbers warrant some kind of tax relief,” said McAnneny.