Regional Transit Riders Deserve Their Fair Share
It is essential that this new source of revenue be used to strengthen transportation infrastructure, and RTAs are key in realizing a robust transit system that delivers for all residents.
Regional Transit Agencies Would Get Big Funding Boost from Senate Plan
The transit agencies that provide bus service to the hundreds of cities and towns across Massachusetts not covered by the MBTA would see a serious boost in funding under the state Senate’s plan to spend the first haul of funds from the new Millionaires Tax.
State Budget Swings into Red, Shifting Tax Debate
The sudden thud of collapsing state tax revenues echoed through the halls of Beacon Hill on Wednesday, inverting a projected surplus of hundreds of millions of dollars into a shortfall nearly as large and reshaping debate about government spending and tax relief plans.
Poll: Most Residents Support Surtax Spending on RTAs
More than three-quarters of Massachusetts residents support boosting funding for the state’s 15 regional transit authorities, which provide local bus and paratransit services beyond the reach of the MBTA.
Fix for $600M Surtax ‘Loophole’ Proposed
If high-income households employ a legal tax avoidance strategy, the Massachusetts Budget and Policy Center says the state legislature should require that Bay Staters use the same filing status for their federal and state income taxes.
When Surtax Revenues Comes in, RTA Caucus Wants a Piece
Just about two months before the first few dollars in extra income tax will begin to trickle into state coffers, the Legislative Regional Transit Authority Caucus is joining other transportation and education advocates in positioning their priorities to receive those funds.
Economist Sees Surtax Avoidance, Rather Than Relocation
Legal tax avoidance strategies – like structuring transactions in a way that minimizes reported taxable income or curtailing stock trading – could reduce the state’s Millionaires Tax revenue by about $670 million.
Poll: Likely Voters Say Leave Tax Cap Law Alone
A clear majority of likely Massachusetts voters want the state legislature and Gov. Maura Healey to leave untouched the 1986 tax law that triggered nearly $3 billion in mandatory rebates last year, according to new polling results.
Accountants, Clients Debate Wealth Surtax Strategies
With the voter-approved surtax on Massachusetts’ highest earners set to start in the new year, Bay State accountants are already urging their clients to adapt.
Healey Says Focus on Affordability Issues, Retaining Talent
Reiterating that affordability and tax reform are among her chief concerns as she prepares to become governor, Maura Healey said Tuesday that she does not see those priorities as being “a wash” when combined with her support for the new income surtax.
A Clear Vision Is Needed for Question 1 Funds
The ideal plan for implementing the Millionaires Tax is to adopt a big-picture vision over the next year, paired with a comprehensive transportation finance plan that addresses repairs, maintenance and resiliency needs.
Unions Plan Offensive to Invest in Public Higher Ed
Educators from across Massachusetts are making it clear that public higher education is on the top of their priority list for the newfound funds from a surtax on incomes over $1 million.
Biz Groups React to Millionaires Tax Passage
Business groups are now warning that the state needs to act to retain its economic competitiveness with strategic investments in transit and education or tax cuts following the passage of a tax hike on high earners.
Suffolk’s Fish, Patriots’ Kraft Back Campaign Against Millionaires Tax
Flush with cash from bold-name donors, opponents of the proposed Constitutional amendment to add a 4 percent surtax on annual household income above $1 million on Monday launched their first TV ad campaign.
Mass. High Court Keeps Millionaire’s Tax On the Ballot
The Supreme Judicial Court rejected business groups’ latest legal challenge to the blockbuster ballot question asking voters if they support a new surtax on household income above $1 million.
Small Biz Owners Fear ‘Millionaires Tax’ Will Dent Nest Eggs
A handful of business owners from various sectors are saying the proposed surtax on income over $1 million would affect more than the super-wealthy.
Study Pegs ‘Millionaire’s Tax’ Haul at Only $1.3B
A new tax on Massachusetts millionaires up for a vote on this fall’s ballot would add much less revenue for the state than originally predicted, according to a new report.
Banker & Tradesman’s Editorial Cartoon: Don’t Tread on Me
Some of Massachusetts’ wealthiest residents are protesting a proposal to add a surtax on any income a resident earns over $1 million.
With Millionaires Tax on Ballot, Opponents Promise Fight
With business groups unable to keep a proposed surtax on incomes over $1 million off the 2022 ballot, opponents of the so-called millionaires tax are promising a strong electoral challenge.
On Eve of Tax Vote, Study Predicts Job Losses
A day before lawmakers plan to vote on whether to put a constitutional amendment on the 2022 ballot to raise taxes on the wealthy, opponents are challenging the assertions by Democratic leaders that it could raise $2 billion for education and transportation with new research suggesting the tax would cost jobs and produce significantly less new revenue.
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