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In its latest study, the Beacon Hill Institute estimated the potential savings from not using a union-only Project Labor Agreement on a construction project in the state of New Jersey. We estimate that if the $3.522 billion of construction projects in our sample that were built with a PLA had been built without a PLA, taxpayers would have saved between $5.78 million for 100,000-square-foot structure and $17.35 million for…
ON THE MATTER of climate change, politicians have reached a point where they will throw anything they have at the problem without a thought to the economic consequences or, for that matter, the effects on climate change. Thus, we get unrealistic ideas such as the “Green New Deal” and the resulting talk about getting rid of cows and grounding airplanes. An example of this mentality is one of several…
Breslow and Kurman-Faber are, in short, trying to pull the wool over our eyes. You cannot achieve the environmental benefits that the Benson bill promises without a substantial shrinkage in the economy. by David G. Tuerck and William Burke In their comments on our study, Marc Breslow and Jonah Kurman-Faber use one of the favorite tricks employed by climate alarmists, which is to change the subject from climate change…
Full study PDF Opinion-Editorial by David Tuerck and Laure Belsito in Commonwealth Magazine
BHI on the millionaire’s tax.
The MBTA would be better served by prioritizing maintenance of existing capital, reforming its pension system, and keeping costs of current projects under control — for example, the current Green Line extension project.
The Beacon Hill Institute estimates that Massachusetts state tax revenues will come in at $29.6 billion for Fiscal Year 2019, 6.6% above FY 2018. Revenues will be $30.3 billion for FY 2020, 2.4% above FY 2019. Continue reading press release. Read the entire estimate PDF.
Published since 2001, the report is centered on a comprehensive index that has increasingly drawn the attention of policymakers, economists, and public officials who are seeking to identify the strengths and weaknesses in their state’s ability to promote economic growth. The BHI Index is different from most state business climate indices. It goes beyond tax policy and regulatory analyses to establish more comprehensive ranking categories. The BHI Index identifies…
Massachusetts citizens have benefited from the Tax Cuts and Jobs Act. The Act has broken the nation – and the state – out of the economic doldrums that beset the previous administration. Economic growth and employment have surged under the new tax regime. However, this resurgence of economic growth could…