A proposal outlined by the Massachusetts Taxpayers Foundation at the hearing called for splitting the money from the surtax equally between two trust funds, one for education and one for transportation. The foundation recommended not touching any of that money through the end of June, capping the…

Massachusetts Taxpayers Foundation President Doug Howgate described the dynamic in his written testimony by noting the “headwinds are unnerving and plentiful,” including the potential for a global recession, the war between Russia and Ukraine, inflation, the continued presence of COVID-19 and…

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…

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“It’s unlikely that the Legislature would make any significant moves in the short term,” said Eileen McAnneny, president of the Massachusetts Taxpayers Foundation. “It could be a couple of years before they see how this all plays fiscally.”

But during the press conference, Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, said the structure of Ballot Question 1, which requires a constitutional amendment to take effect, is “really problematic. ”Should unexpected adverse economic consequences arise from the surtax,…

“(The) Massachusetts economy is in a period of transition, we know we’re against a backdrop of high inflation, we have labor shortages, an uptick of remote work, and employers and employees have more options of where to locate than ever before,” Eileen McAnneny, president of the nonpartisan…

Surtax supporters have dubbed the measure the “fair share amendment,” but Massachusetts Taxpayers Foundation President Eileen McAnneny said Wednesday during a press conference hosted by the Coalition to Stop the Tax Hike Amendment that the “notion that millionaires don’t pay their fair tax and that…

This November, voters will decide whether or not to approve a ballot initiative that would impose a new tax on income over a million dollars. If approved, this change to the state’s constitution takes effect on January 1, 2023. MTF does not support this initiative out of concern for…

“By forgiving these expenses, I think fewer people will qualify for the tuition deduction,” Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, told the Herald. “In some way, we might see a slight bump in income tax collections because fewer people will qualify for the deduction.”