Council in the News
Massachusetts High Technology Council media coverage.
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.
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,...
Monster, Massachusetts High Technology Council, and Home Base—a Red Sox Foundation and Massachusetts General Hospital Program—Launch New Veteran-Hiring Partnership
WESTON, Mass., May 25, 2022—Monster Worldwide is proud to announce a partnership with Massachusetts High Technology Council (MHTC) and Home Base in conjunction with the Red Sox Foundation to educate...
On ‘millionaires tax’ ballot question, Mass. high court weighs just how well voters speak legalese
On ‘millionaires tax’ ballot question, voters this fall will decide whether to raise taxes on the state’s wealthiest residents.
Mass. High court judges hear ballot question arguments
May 3, 2022Boston HeraldBy: Matthew Medsger It’s hard to say how the state’s highest court took arguments from both sides of issues due to be decided by voters in the fall. “The justices did...
State high court weighs wording of millionaires’ tax question
May 4, 2022Gloucester Daily TimesBy: Christian M. Wade BOSTON — Opponents of a proposed millionaires’ tax urged the state’s highest court on Wednesday to set the wording of the referendum...
State’s Supreme Judicial Court to hear arguments on millionaire’s tax
May 3, 2022Boston HeraldBy: Matthew Medsger The state’s Supreme Judicial Court will hear oral arguments Wednesday concerning the wording of a ballot question which would ask voters if they...
Business groups urge high court to clarify ‘millionaires tax’
May 2, 2022The Eagle TribuneBy: Christian M. Wade | Statehouse News Reporter BOSTON — Business groups are urging the state’s highest court to set the wording of a proposed “millionaires tax”...
Surtax critics ask high court to clarify ballot question
January 31, 2022The Eagle TribuneBy: Christian M. Wade BOSTON — Opponents of a proposal to tax the state’s top earners have asked the Supreme Judicial Court to require election officials to...
Campaigns supporting and opposing Massachusetts additional income tax amendment report $1.6 million in contributions
January 31, 2022Ballotpedia NewsBy: Victoria Antram In November, Massachusetts voters will decide on a constitutional amendment that would create an additional income tax of 4% for income...
Surtax Opponents Take Summary Case To SJC
January 27, 2022State House News ServiceBy: Colin A. Young JAN. 27, 2022.....The campaign over the proposed Constitutional amendment to add a surtax on household income over $1 million took a...