Thursday, March 23, 2023

Play

A proposed flavored tobacco ban is back on the table in Minnesota, Trump attorney Evan Corcoran must testify in the documents probe, and a "clean slate" bill in Missouri would make "expungement" automatic.

Play

The Fed raises interest rates and reassures the banking system is sound, Norfolk Southern reaffirms a commitment to the people of East Palestine, and TikTok creators gather at the Capitol to support free expression.

Play

Finding childcare is a struggle everywhere, prompting North Carolina's Transylvania County to try a new approach. Maine is slowly building-out broadband access, but disagreements remain over whether local versus national companies should get the contracts, and specialty apps like "Farmers Dating" help those in small communities connect online.

Tax Loophole Could Be Costly for MA Public Schools, Transportation

Play

Wednesday, February 22, 2023   

The Commonwealth could lose up to $600 million in annual revenue meant for public schools and transportation if lawmakers fail to close a tax loophole tied to the recently enacted "millionaires tax," according to a new study.

The Massachusetts Budget and Policy Center said extremely high-income tax filers could file their federal taxes jointly with a spouse, but file their state taxes separately to maximize their exemption from the new law.

Phineas Baxandall, policy director for MassBudget, explained the problem is easily fixed.

"All we have to do is require the same safeguards that lots of other states do, which is just say, 'Be consistent,' " Baxandall contended.

Baxandall noted other states with millionaires taxes require state tax status match a filer's federal status. Lawmakers have already introduced "An Act to Prevent High-Income Tax Avoidance" in the Massachusetts House and Senate.

Voters approved the Fair Share Amendment last November, to ensure people with the highest incomes pay a larger share in taxes. The idea was to address widespread needs in Massachusetts public schools, as well as the roads and rail lines used to get there.

Baxendall thinks lawmakers should follow through with the voters' intent.

"There's a long list of unmet needs that people are hoping to use this money for," Baxendall pointed out. "It's really going to make a difference."

He added if left unaddressed, about one-fifth of the revenue voters chose to invest back into the Commonwealth could be lost. He stressed the state may also find itself needing to audit more tax filers.


get more stories like this via email
In 2020, 35% of Idaho mothers had Medicaid at the time of their child's birth. (WavebreakMediaMicro/Adobe Stock)

Social Issues

With concerning trends emerging for pregnant and postpartum women, frustration is growing that Idaho lawmakers could end the session without …


Health and Wellness

Health advocates are promoting a package of bills this legislative session to make health care easier to get - and more affordable. The Care 4 All …

Social Issues

A new study from the University of New Hampshire found New England's LGBTQ+ residents experience higher rates of food insufficiency, the measure of …


According to the Center for American Progress, nearly nine in 10 employers, four in five landlords, and three in five colleges use background checks to screen for applicants' criminal records. (Yurii Kibalnik/Adobe Stock)

Social Issues

A large percentage of Missourians who could to have their criminal records "expunged" have not done so, despite the effects expungement -- referred …

Social Issues

A person's work personnel file can be important to review, but some Washingtonians are finding them hard to obtain. A bill in Olympia would ensure …

The most recent Farm Bill covered areas such as agricultural conservation, trade and foreign food assistance, farm credit and research. (Adobe Stock)

Environment

The U.S. Farm Bill is up for reauthorization, and Congress faces calls to avoid any delays so certain programs can keep helping farmers and consumers …

Social Issues

Youth advocates continue to sound the alarm over the impact flavored tobacco products have on teenagers, and hope Minnesota lawmakers take another …

Environment

As wildfire seasons in Colorado and across the American West become longer, less predictable and increasingly destructive, a new report aims to …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021