MassBudget

Tax-dodging multinational corporations should pay their fair share in Massachusetts - The Boston Globe To protect low-income and middle-class families from the ravages of federal policies, the Commonwealth needs to increase its revenue.

Read MassBudget's Viviana Abreu-Hernandez's op-ed on why we must make tax-dodging multinational corporations pay their fair share in Massachusetts

Report: Income tax cut might not hurt state revenue as much as claimed - Boston Business Journal Lowering the state’s personal income tax rate by 20%, as a proposed 2026 ballot question would do, might not cause a similar reduction in state revenue from those taxes if history is any guide,…

"Baxandall, of MassBudget, called the report 'inaccurate history, which doesn't suffice to cover up the impossible math.” @phineasb.bsky.social

MassBudget analysis helped show the big benefits that paid family medical leave buff.ly/3QefjJa

@raiseupma.bsky.socialv fought hard to win Paid Family Medical Leave (PFML). New state Fiscal Year 2025 report shows big benefits for workers in Massachusetts:
130,309 workers made use of PFML last year receiving $1.24 billion in benefits. #mapoli
Official report: buff.ly/oqANt2I

Looming federal food aid cuts put state Democrats in the hot seat - CommonWealth Beacon Massachusetts Democrats are unwilling to tap into the state’s significant savings balance to replace food aid, previewing difficult decisions that loom on the horizon.

ICYMI - MassBudget's own @chelsea-marie.bsky.social chimes in on tax cuts for the wealthiest while children go hungry: "We as a state have an ability and a choice to do it differently.”

And another one! MassBudget's Adam Jones testifies again on Baby Bonds, to the Joint Committee on State Administration & Regulatory Oversight buff.ly/TF6otEu

MassBudget's Adam Jones testifies in support of Baby bonds - a proven wealth-building strategy to improve economic participation and opportunity for all. buff.ly/CBQO1iT

Today's hearing for Baby Bonds bills is underway! Thank you to Treasurer Goldberg for your leadership! buff.ly/5rpx8Sq

Health Insurance Premium Spikes Imminent as Tax Credit Enhancements Set to Expire If Congress waits until the end of the year to extend the enhancements, 1.5 million more people will be uninsured in 2026 compared to an earlier extension.

New data on healthcare affordability: Health Insurance Premium Spikes Imminent as Tax Credit Enhancements Set to Expire

Baby Bonds Will Drive Prosperity for Massachusetts Children - Mass. Budget and Policy Center What are baby bonds? Baby bonds, or baby accounts, are an investment funded by the government on behalf of a child soon after birth. Baby bond investments grow over time and when the child reaches…

**NEW REPORT** How can we close the wealth gap in Massachusetts? One probable answer lies in baby bonds.

Will Massachusetts repeal its estate tax? It boils down to competitiveness vs. equity. - The Boston Globe Local business groups hope the Legislature kills the estate tax, which kicks in if an individual dies and leaves assets to heirs totaling more than $2 million.

"... wealthy families are smart enough to know they want to be in a place that invests in its future,” @phineasb.bsky.social said. “Eliminating a major tax like that ... from the people who can most afford to pay it is exactly the wrong thing to do.” buff.ly/WhPRcN4

Millionaire tax that inspired Mamdani fuels $5.7 billion haul in Massachusetts | Fortune In two years levying a 4% surtax on incomes over $1 million, it's funded bridge repairs, bolstered literacy programs and tackled a transportation deficit.

Proud to see MA leading the way and providing a model for fair(er) taxation for other states. Thanks, Fair Share! buff.ly/1hS3ynZ

MassBudget's Director of Advocacy Chelsea Sedani speaking at the statehouse to push for fully-funded schools

MassBudget's Director of Advocacy @chelsea-marie.bsky.social speaking at the statehouse to push for fully-funded schools. We're proud to stand with our partner MEJA to fix the inflation glitch impacting districts across the Commonwealth.

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…

Did you know that the Commonwealth has the authority to prevent federal tax changes from automatically becoming part of the state’s own tax code? ICYMI: the time to do so is now!

Friday Fun: 🎤 MassBudget Prez Viviana M. Abreu-Hernandez keynotes PEAS' (Pursuit of Equity, Accountability, and Success of Latinx Students) Meeting the Moment Convening at Worcester State University
www.peaslatinx.org/meeting-the-...

Former Baker aide to lead Healey’s competitiveness council A new state council will advise Gov. Maura Healey on taxes, business incentives, workforce development and the state’s economic competitiveness, and she’s turning to a former Baker admi…

We are excited to join the Governor's Competitiveness Council. We look forward to offering data-driven recommendations that prioritize low and middle-income workers, recognizing them as the true foundation of the Commonwealth's economy.

Excited to be with community tonight at @aclum.bsky.social's Bill of Rights Gala 🥳

Under Trump, money is about to get tight — and Massachusetts isn’t ready - The Boston Globe Beacon Hill will need to do more to protect critical services, avoid tax increases, and mitigate the economic pain caused by the GOP's assault on the region’s core health care, education, and science…

"Baxandall urged Beacon Hill to opt out of new federal corporate tax rules, a process known as decoupling that the state has used in the past. Dropping the five most costly federal provisions would preserve $463 million in revenue this fiscal year."

- Don Griswold testifying on Corporate Fair Share to the Joint Committee on Revenue

Watch the full video on our YouTube channel: buff.ly/CVH4HaO

"Every state's tax codes is fully of loopholes, even the Commonwealth...Here's where your GILTI bill comes in: it's a rare 2017 gift from the federal government...GILTI stands for Global Intangible Low Tax Income, and the federal law claws back 50% of those shifted profits [from corporations]"

Worcester State symposium with statewide leaders aims to advance Latino educational opportunities - Worcester State University News The Oct. 17 symposium, “Meeting the Moment: Safeguarding Education Pathways for Latino Students in Massachusetts,” will feature policymakers, K-12 and higher education leaders, and Latino youth…

Catch MassBudget Prez Viviana Abreu-Hernandez leading the plenary session @ Worcester State University's Oct. 17 symposium, “Meeting the Moment: Safeguarding Education Pathways for Latino Students in Massachusetts”!

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…

**STATEMENT** MassBudget calls for MA lawmakers to opt out of the five most costly corporate tax changes in the federal OBBBA buff.ly/ACKB86m

"MassBudget estimates that adopting a robust and well-enforced provision requiring multinational corporations to include 50 percent of GILTI profits in their state tax calculations would generate over $400 million a year for the Commonwealth." -Kurt Wise testifies buff.ly/EtXrVDk

"It's a no- brainer": self-proclaimed 'Former Corporate Tax Avoidance Enabler' Don Griswold testifies in support of An Act combatting offshore tax avoidance (H.3110/S.2330).

By passing An Act combatting offshore tax avoidance (H.3110/S.2033), MA will be joining our neighbors - not becoming an outlier - when we adopt GILTI at 50%.

How bad is the problem of multinational corporations hiding profits in offshore tax havens? This graphic says it all. An Act combatting offshore tax avoidance (H.3110/S.2033) will bring the Commonwealth millions in much-needed tax revenue every year.

The hearing is underway for An Act combatting offshore tax avoidance (H.3110/S.2033). MassBudget's Senior Policy Analyst & Tax Policy Expert Kurt Wise will testify soon. Sneak peak of his testimony: buff.ly/EtXrVDk

#MassBudgetFOCUS2025
#mapoli
#EconomicJustice