tax policy - NewBostonPost

Massachusetts

‘Millionaire’s tax’ wins key vote on Beacon Hill

BOSTON – It wasn't a question of "if" but rather "how" lawmakers on Beacon Hill would advance the "millionaire's tax" proposal, a measure that calls for altering the state Constitution's flat tax to smack a surcharge on the commonwealth&

Democrats

‘Millionaire’s tax’ vote Wednesday expected to push it forward

BOSTON – Republicans in the state Senate appeared resigned on Tuesday to the idea that Wednesday's vote over a constitutional amendment that would slap the commonwealth's top earners with a special tax surcharge will be a mere formality rather than a considered move informed by an actual

Donald Trump

Tax proposals from 2016 candidates offer stark contrasts

Here's what we know: Roughly 60 percent of taxes paid in the U.S. go to the federal government, with about 27 percent flowing to states and the rest to municipalities, according to the Tax Policy Center in Washington. What we don't know is how that

Barack Obama

Obama blocks corporate tax ‘inversions’ spawned by high rates

WASHINGTON – The question at the heart of President Barack Obama's recent directive ordering the Treasury Department to pump the brakes on U.S. companies gobbling up smaller foreign businesses to take advantage of a friendlier overseas corporate tax climate is whether America's corporate tax rate is

Massachusetts

Critics say cut film tax credit as costs erase gains

BOSTON – They can bring Hollywood A-listers like Denzel Washington and Mark Wahlberg, put Boston and other Bay State communities on the silver screen and pump millions of dollars into the local economy, but critics say the cost of film tax credits makes them a bad deal for Massachusetts. "Every

Massachusetts

Tax rate will go down next year for Bay State wage earners

BOSTON – The Massachusetts state income tax rate will fall slightly in January, the third-to-last step in the tax rate's odyssey from 5.95 percent in 1999 to its potential nadir two years from now at the voter-approved level of 5 percent. Gov. Charlie Baker's budget office

Republicans

Tax reform should focus on opportunity — not class warfare

When it comes to tax policy, the mainstream media too often portray Democrats as the party of the middle class and Republicans as the party of tax breaks for big corporations and the wealthiest "1 percent." This narrative of class warfare over-simplifies the issue and fails to adequately