A Tax Cut and A Tax Cap—Really?
March 13 @ 10:00 am – 11:00 am EDT
Among the many questions likely to appear on the November 2026 ballot are two that would result in ruinous revenue loss, at the very moment state finances are challenged by unprecedented cuts in federal funds and programs. If passed, these ballot initiatives will
- Reduce the MA personal income tax rate from 5% to 4%, thereby cutting at least $5B annually (more than ten percent of total annual tax revenues) from the funds needed to pay for everything our state government provides; and
- Radically rewrite the state’s tax-cap statute (“chapter 62F”) in a manner that will shrink available state revenues by additional billions of dollars in a volatile and irrational manner.
Our panel of experts, Phineas Baxandall, Director of Research and Policy Analysis at the Massachusetts Budget and Policy Center, Jessica Tang, President of the American Federation of Teachers Massachusetts (AFT) and Peter Enrich, Professor Emeritus, Northeastern University School of Law will discuss the initiatives, who sponsored them and who opposes them, their fiscal impacts, and what we can do to defeat them. John Lippit will moderate.
