Council in the News
Massachusetts High Technology Council media coverage.
What’s Ahead in 2023? Here’s what several Massachusetts business leaders expect will be the biggest challenges to their industries in the coming year.
What’s ahead in 2023? Several Massachusetts business leaders share what they expect will be the biggest challenges to their industries in the coming year.
Former Baker adviser joins Massachusetts High Technology Council
The Massachusetts High Technology Council’s next public-policy leader comes directly from the office of former-Gov. Charlie Baker. The organization today announced Elizabeth Mahoney as its new vice president of policy and government affairs, responsible for developing and executing its public policy agenda. Mahoney previously worked for Baker as deputy chief of staff and policy director, and then as a senior adviser.
Editorial: Beware of unintended policy consequences
The Boston Business Journal asked some of the region’s most prominent business leaders — in real estate, technology, health care, and retail, among others — to provide a glimpse into the economic future. One recurring theme in their answers has been dealing with the unintended consequences of policies that sound good on the surface but end up undermining other efforts.
Business community has a big ask of new governor: Tackle taxes
As Healey takes office, business leaders are looking for her to tweak the state’s tax structure to make Massachusetts more competitive in a work-from-anywhere world.
Editorial: Our economic success needs a strategic vision
If we don’t look ahead to the next 30 years — and anticipate what actions we can take now to set up New England for success — there’s no guarantee that the successes we’ve enjoyed will continue. The Massachusetts High Technology Council, with the help of McKinsey & Company, recently kicked off what they’re calling MassVision2050 with an eye toward doing just the kind of strategic planning the region will require.
Viewpoint: A vision for Massachusetts in 2050: In pursuit of steady excellence
The Massachusetts High Technology Council has a bold vision for Massachusetts in 2050. High Tech Council Board Chair Robert Reynolds, CEO of Putnam Investments, and Director Navjot Singh, Ph.D., senior partner at McKinsey & Company, detail the strategy in a Boston Business Journal Op-Ed.
Voters have repeatedly said no to raising taxes on the highest earners. This time might be different.
Question 1 on the November ballot is billed as an effort to raise more money for education and transportation by increasing taxes on households with an annual income greater than $1 million. This is the sixth attempt to persuade voters to undo the state’s flat income tax rate. Each previous time — 1962, 1968, 1972, 1976, and 1994 — proponents lost in a landslide.
Ready to sue to protect tax cap giveback
Legislators seemingly forgot the law, known as Chapter 62F, existed, and were caught flat footed when Gov. Charlie Baker announced that it would likely be triggered this year and deliver nearly $3 billion (roughly 7 percent of all income tax collections in 2021) in tax relief back to the people who actually paid the taxes.
‘Free’ getting another test during Orange Line shutdown
Hoping to cram five years of weekend and night work into a single month, the MBTA shut down the entire Orange Line on Friday and sought to minimize the inconvenience for riders by deploying a fleet of free shuttle buses. So far, the replacement system appears to be holding together.
Bump dismisses claim of tax cap pressure on her office
Bump claims that her office is handling the tax cap the way it has every other year. She said the Legislature isn’t pressuring her office, and that they will calculate how much money should go back to taxpayers in September.
Legal teams ready to defend Massachusetts tax relief law
Should Beacon Hill officials try to duck the tax relief requirements of Chapter 62F over the next month, at least two groups of taxpayers, newly including one supported by major right-leaning groups like Citizens for Limited Taxation, have organized themselves to be prepared to ask the state’s court system to step in.
Six Years After Her Passing, One Woman’s Life’s Work Continues To Save Taxpayers Billions
Massachusetts taxpayers are poised to get back billions of dollars when they do their taxes next year due to chapter 62F, which stipulates that state revenue collections in excess of the rate of wage and salary growth must be refunded to taxpayers.
Opinion/Stead: Somewhere in heaven Anderson – who fought for limited taxation – is laughing
A provision of a 1986 state tax law, Chapter 62-F, is being called “obscure” in order to set the stage to possibly refuse to obey the existing law. CLT sponsored the act along with the Massachusetts High Technology Council. The clause in the law states simply that when tax revenue goes beyond a threshold, the tax money must be rebated to the taxpayers who provided it.
Baker changing rules on tax cap giveback
While lawmakers scramble to put together a package of tax breaks in the final days of the legislative session, a little-known law from the mid-1980s is about to alter the Beacon Hill debate over tax relief. Record tax revenues in fiscal 2021 are expected to trigger the state’s tax cap for the first time in more than 30 years, setting the stage for Massachusetts taxpayers to claim sizable credits on their 2022 returns.
In a surprise, Baker says taxpayers could receive ‘north of $2.5 billion’ in tax relief under little-known law
With state coffers overflowing, Massachusetts taxpayers could receive nearly $3 billion in tax relief under an obscure 36-year-old law, Governor Charlie Baker’s administration said Thursday, surprising lawmakers just as separate tax relief talks seemed to be reaching a crescendo.
Baker Sees 1986 Law Triggering $2.5 Billion in Rebates
Beacon Hill Democrats may have to take their long-discussed $1B tax reform and relief plan back to the drawing board now that a 1980s law largely relegated to the depths of Beacon Hill memories will be triggered by the FY2022 surplus, resulting in nearly $3 billion being returned to taxpayers.
Thank you 1986: Rebate checks may be coming, with billions in 2022 excess tax takings expected
The state took in so much tax revenue last year taxpayers may get some of it back under a fairly unused 30-year-old law, the governor said. “We think the number is probably north of $2.5 billion that would be tax rebates to the people of Massachusetts,” Gov. Charlie Baker said Thursday.
Long-forgotten Tax Cap About to be Triggered
While lawmakers scramble to put together a package of tax breaks in the final days of the legislative session, a little-known law from the mid-1980s is about to alter the Beacon Hill debate over tax relief. Record tax revenues in fiscal 2021 are expected to trigger the state’s tax cap for the first time in more than 30 years, setting the stage for Massachusetts taxpayers to claim sizable credits on their 2022 returns.
Business leaders react to Raytheon’s HQ move out of Mass.
June 7, 2022Boston Business Journal By: Lucia Maffei and Greg Ryan Some business leaders around the state told the Business Journal that they don't expect a big practical impact from Raytheon...
Raytheon Relocating Headquarters from Waltham to Just Outside DC
Raytheon Technologies is moving its global headquarters from Waltham to Arlington, Va., the company announced Tuesday, ending a century in which it called Massachusetts home and became one of the state’s premier corporate names.
Raytheon Moving Headquarters To Virginia
June 7, 2022State House News ServiceBy: Michael P. Norton JUNE 7, 2022.....In a blow to Massachusetts, Waltham-based Raytheon Technologies is moving its global headquarters to Arlington,...