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Displaying 171–180 of 1152
News Item
Senate unveils tax relief plan; rejects business cuts
Doug Howgate, president of the Massachusetts Taxpayers Foundation, praised the Senate’s plan for a “commitment to meaningful reform” but said the exclusion of capital gains tax cut, as well as a scaled back estate tax relief and limited child tax...
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News Item
On the move? Think tanks offer different views on outmigration in Massachusetts
The Massachusetts Taxpayers Foundation report said U.S. Census Bureau data shows Suffolk and Middlesex County residents left at the highest rates. And 2021 tax returns for 2020 showed residents aged 26 to 35 were the largest group leaving, according...
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News Item
Senate passes nearly $600M tax cut plan, setting up conflict with House
“The scope of the House bill is more responsive to the cost of competitive challenges,” Doug Howgate, president of the Massachusetts Taxpayers Foundation, told the Herald. “We’re still going to crunch the numbers, but the hope would be that the final...
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Publication
MTF Analysis of Senate Ways and Means Tax Proposal
Today, the Senate Committee on Ways and Means (SWM) released its tax relief proposal. The plan, which mirrors the tax bill passed by the Senate in 2022, includes seven major tax relief provisions and carries an estimated Fiscal Year (FY) 2024 cost of...
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News Item
Massachusetts residents are leaving the state. Why? And where are they going?
Massachusetts is hemorrhaging people. In fact, it’s seeing the highest outmigration numbers in the last 30 years, according to a new report from the Massachusetts Taxpayers Foundation. A net 110,000 people moved out of the Bay State over roughly the...
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Publication
Senate Final FY 2024 Budget
After four days of debate, the Senate finalized its $55.9 billion Fiscal Year (FY) 2024 budget; adding $82.2 million in new spending and 34 outside policy sections. The Senate took action on 1,049 amendments through a combination of standalone...
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News Item
Record numbers of Massachusetts residents are moving out of state, report says
2021 tax returns showed nearly 38,000 Massachusetts residents between the age of 26 and 35 moved out of the state in 2020. "You expect to see 26- to 35-year-olds move in and out a lot," said Massachusetts Taxpayers Foundation President Doug...
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News Item
Why workers are leaving Massachusetts
Driving the news: The report from the Massachusetts Taxpayers Foundation found that a long-term decline in births and an aging population is also shrinking the Massachusetts workforce. Plus, remote workers don't want to live in such a high-cost...
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News Item
Bye-bye Bay State: High housing costs and low transportation reliability driving outmigration
The Massachusetts Taxpayers Foundation found that more than 110,900 people left the state between April 2020 and July 2022. And some of the trends pushing residents out of Massachusetts might sound all too familiar to those still here. “We’re...
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News Item
People Fleeing Mass. Amid Housing Squeeze, High Traffic, Report Finds
Massachusetts had the lowest rental vacancy rate in the U.S. in 2022 and the second-highest median rents, Boston features the second-highest traffic delay times in the nation, and the state recently posted its highest outmigration numbers in 30 years...
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