Massachusetts lawmakers unveiled a tax relief package Tuesday aimed at delivering $561 million in reductions to taxpayers and companies during the current fiscal year through a slew of tax credits and other steps aimed at lowering tax burdens.
Senate Democrats appear not to be pursuing a cut to the state’s short-term capital gains tax rate, a House- and Gov. Maura Healey-backed tax relief measure popular with businesses that has earned the scorn of progressives.
The full House couldn’t find a single thing they wanted to change in a nearly $1.1 billion tax relief bill on Thursday, instead lining up behind the exact proposal that House Democrats pushed through a committee two days earlier.
House Democrats have come around on the idea of slashing the state’s short-term capital gains tax rate after opposing it under Gov. Charlie Baker.
Building out her budget-week media blitz, Gov. Maura Healey ventured before a new audience Monday night in her first appearance on WBZ NewsRadio’s NightSide with Dan Rea, where she discussed tax relief, problems with new Red and Orange Line cars and the state’s burdensome cost of living.
Quintupling the estate tax threshold and slashing the capital gains tax rate led the tax reform ideas embraced Wednesday by one of the region’s leading business groups. But House Speaker Ron Mariano remained noncommittal about any tax cuts, citing changing economic conditions.
Business-minded, small government groups from each New England state think it’s critical to “start working together as a region” to address cost of living issues, high energy prices and economic competitiveness.
The unemployment rate in Massachusetts dropped slightly in April as employers added 10,500 jobs, state officials reported Friday.
In his first in-person speech to the business community in two years, Gov. Charlie Baker said Tuesday he will offer some “unusual approaches” later this week to help people get back to work as he made a pitch for an agenda in his final year in office that includes investing in behavioral health and helping cities and towns redesign their downtowns for a post-pandemic future.
Gov. Charlie Baker pitched his nearly $700 million tax relief package Tuesday as a way to keep more money in the pockets of parents, low-income workers and seniors, prompting some lawmakers to probe into what populations would benefit and to what degree.
House and Senate leaders broke a weeks-long impasse over a large surplus spending bill, cutting a deal that dropped a controversial corporate tax change and trimming down Gov. Charlie Baker’s $50 million request to fund more MBTA repairs and safety inspections.
The end of the boom times is approaching for Massachusetts, economist Michael Goodman told a conference of investors Wednesday.
What if Congress passed a massive tax bill with scary cutbacks in deductions for homeowners – prompting dire predictions of mass property-value declines – but nothing much happened?
