BHI on the Millionaire’s Tax: Press Release
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(Medway, MA; June 8, 2021) – A new study by the Beacon Hill Institute finds that the proposed “millionaire’s tax” headed for Massachusetts ballot in 2022 will likely harm the state’s economy with the loss of jobs, investment and disposable income. The study, based on the Institute’s State Tax Analysis Modeling Program (STAMP) also found that the state would lose high income households to other states. House Bill 86…
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…
The passing of the federal Tax Cuts and Jobs Act in December 2017 made it necessary to bring the Iowa tax code into conformity with the new federal code. With SF 2417, the Iowa legislature used the new federal law as an opportunity to simplify the state tax code and to cut the state’s marginal income tax rates. The Beacon Hill Institute for Public Policy Research (BHI) estimated the…
BHI in the News
The wage rates under the federal Davis-Bacon Act do…
https://beaconhill.org/BHIStudies/2022/2022-0425StudyonEarmarkingMassachusettsStateIncomeTaxRevenues.pdf