Council in the News

 

Massachusetts High Technology Council media coverage.

Editorial: Our economic success needs a strategic vision

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.

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Voters have repeatedly said no to raising taxes on the highest earners. This time might be different.

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.

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Opinion/Stead: Somewhere in heaven Anderson – who fought for limited taxation – is laughing

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.

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Baker changing rules on tax cap giveback

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.

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Long-forgotten Tax Cap About to be Triggered

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.

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