Council in the News

 

Massachusetts High Technology Council media coverage.

Healey tells Boston Chamber her tax relief plan will make Massachusetts more competitive

Healey tells Boston Chamber her tax relief plan will make Massachusetts more competitive

Her plan would reduce the tax rate on investments held for less than a year from 12 percent to 5 percent, bringing it in line with the state’s taxes on long-term capital gains and personal income. Only two other states, Healey told the chamber, tax short-term gains at a higher rate than long-term gains. Meanwhile, she would offer a credit that would essentially raise the threshold for the estate tax from $1 million to $3 million; she noted only one other state has such a low threshold, and most states have no estate tax at all.

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Former Baker adviser joins Massachusetts High Technology Council

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.

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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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