Extending EITC eligibility to all workers filing taxes, regardless of their immigration status, would increase its impact, help expand economic opportunity, and support low- and moderate-income families struggling to afford Massachusetts’ high cost of living.| Mass. Budget and Policy Center
MassBudget urges the Joint Committee on Revenue to report H.3073 and S.1957 and S.1975 out favorably. Thank you for the opportunity to submit written testimony in support of H.3073 and S.1957, An Act supporting families through enhanced tax credits and S.1975, An Act to reduce poverty by expanding the EITC and the child and family tax credit, which will reduce the financial burden on low-income families and make tax credits accessible to all income-eligible workers and families.| Mass. Budget and Policy Center
The new tax package is the largest set of tax changes the Commonwealth has seen in some 15 years and will cost the Commonwealth over $1 billion each year in forgone tax collections. It includes some elements that improve tax fairness, and racial and economic equity, as well as other elements that make our state tax system less fair.| Mass. Budget and Policy Center
MassBudget calls for Massachusetts to opt out of the five most costly corporate tax changes in the federal OBBBA | Mass. Budget and Policy Center
As Massachusetts policymakers seek to build a more equitable and resilient Commonwealth, the recent corporate tax changes in the federal "One Big Beautiful Bill" Act (OBBBA) pose a significant threat to the stability of the state budget. While the Commonwealth cannot single-handedly reverse these damaging federal policies, it has the authority to prevent federal tax changes from automatically becoming part of the state’s own tax code. The post MassBudget calls for Massachusetts to opt out o...| Mass. Budget and Policy Center
Overview MassBudget’s mission is to advance equitable policy solutions that create an inclusive, thriving Commonwealth for all. This is an exciting time as MassBudget continues its journey toward being an inclusive and equitable organization and explores what that means for our research, advocacy, communications, partnerships, operations, and development work. A Policy Analyst leads MassBudget’s work […] The post Job Opening – Education Policy Analyst appeared first on Mass. Budget an...| Mass. Budget and Policy Center
MassBudget urges the Joint Committee on Revenue to report H.3110 and S.2033 out favorably. This legislation would allow Massachusetts to collect corporate income tax revenue currently lost to abusive, international profit-shifting by large, multinational corporations. The result would generate hundreds of millions of dollars annually to address critical needs of communities throughout the Commonwealth.| Mass. Budget and Policy Center
Key Takeaways Since the legalization of recreational, adult-use cannabis in 2016, cannabis sales in Massachusetts have generated nearly $2 billion in state and local revenue, with total adult-use retail sales reaching over $8 billion as of August 2025. Revenue from the Marijuana Regulation Fund (MRF), the main fund that receives cannabis revenue, supports various programs […] The post Show Me the Money: Cannabis Revenue, Spending, and Equity in Massachusetts appeared first on Mass. Budget a...| Mass. Budget and Policy Center
Key Takeaways The Lottery, casinos, and sports betting together generate $1.5 billion in annual taxes, the state’s fourth largest source of revenue. The Lottery is the largest source, but has fallen by a third since 2002, when adjusted for inflation. Problem gambling disproportionately harms lower-income and non-white bettors. Lottery revenue is used for local aid, […] The post Payouts and Risks in Massachusetts’s Gambling Revenue appeared first on Mass. Budget and Policy Center.| Mass. Budget and Policy Center
MassBudget urges the Joint Committee on Revenue to report H.3056 and S.1937 out favorably. A real estate transfer fee can generate significant revenue that would allow communities to build vital affordable housing.| Mass. Budget and Policy Center
A real estate transfer fee on high-end transactions can raise significant revenue at the local level, allow communities to address local affordable housing needs, and be a tool for economic and racial equity.| Mass. Budget and Policy Center
MassBudget is thrilled to share that Dr. Miguel A. Cardona, the 12th US Secretary of Education, will be the FOCUS2025 Keynote Speaker! The post FOCUS2025 Keynote Speaker Announcement: Dr. Miguel A. Cardona appeared first on Mass. Budget and Policy Center.| Mass. Budget and Policy Center
MassBudget urges the Joint Committee on Municipalities and Regional Government report S1447 out favorably. This legislation would allow cities and towns to place limits on extreme rent increases, improving housing stability as the Commonwealth faces a deep housing affordability crisis.| Mass. Budget and Policy Center
Building off of a recent analysis performed by the Institute on Taxation and Economic Policy (ITEP), MassBudget estimates that adopting a robust and well-enforced provision requiring multinational corporations to include 50 percent of GILTI (Global Intangible Low-Taxed Income) in their state tax calculations would generate over $400 million a year for the Commonwealth.| Mass. Budget and Policy Center
MassBudget analyzed a recent data report by The Council on State Taxation (COST) - a Washington DC based trade association representing over 500 multistate and multinational corporations – that examines the full set of state and local taxes paid by businesses in each of the 50 states. How does Massachusetts fare and what should that mean for our state's tax policy?| Mass. Budget and Policy Center
The share of state taxes paid by corporations has fallen markedly since the 1980s. Meanwhile, they've collected a growing share of all income generated in the U.S. Changes to corporate tax policy can improve fairness, racial equity, and state competitiveness.| Mass. Budget and Policy Center
Moving operations or employees out of Massachusetts won’t reduce a corporation’s taxes on its profits by a single dollar, because the share of corporate profits taxed by the Commonwealth depends only on the share of a corporation's sales made to Massachusetts customers.| Mass. Budget and Policy Center
The newly released 2023 American Community Survey (ACS) data from the U.S. Census Bureau show that Massachusetts migration patterns were largely unchanged from those seen in the 2022 ACS data: Massachusetts is gaining population from migration at a very modest rate.| Mass. Budget and Policy Center
The state budget Governor Maura Healey signed on July 4th for Fiscal Year (FY) 2026 reflects both caution in the face of federal funding threats and the new possibilities for investment in education and transportation made viable by surging revenue from the Fair Share surtax.| Mass. Budget and Policy Center
MassBudget's testimony to the Joint Committee on Public Service in support of An Act expanding access to retirement savings (HB2825/HB41/SB1879).| Mass. Budget and Policy Center
The HWM FY 2026 budget proposal illustrates the importance of the Fair Share surtax which allows for continued and increased investment in essential areas of education and transportation. It also highlights the need for additional revenue to support our state's most vulnerable residents.| Mass. Budget and Policy Center
Changing the state approach to Global Intangible Low-Taxed Income would allow the Commonwealth to reclaim a sizable share of the tax revenue lost to international profit-shifting - allowing for transformative investments and a cushion against the impact of potential federal cuts.| Mass. Budget and Policy Center
The Fiscal Year 2024 budget is the first state budget to include money raised from the Fair Share Amendment, making important investments in education and transportation. Lawmakers took additional steps to create mechanisms that will facilitate transparency, stability, and protect the intent of the amendment.| Mass. Budget and Policy Center
Today, Governor Maura Healey released her proposed budget for Fiscal Year 2026. We are encouraged to see critical investments supported by those who can most afford it, but there is still more to do to meet the needs of families in crisis.| Mass. Budget and Policy Center
