Taxes - NewBostonPost (Page 7)

Massachusetts

Galvin sends seven ballot proposals to lawmakers

BOSTON – Secretary of State Bill Galvin said seven initiative petition campaigns submitted enough certified voter signatures to meet the requirement for consideration by lawmakers and that he will send the proposals to the Legislature for consideration during the session that starts in January, moving the initiatives one step closer to

congress

Congress sends year-end spending measure to Obama

WASHINGTON (AP) — Congress on Friday sent President Barack Obama a bipartisan but deficit-boosting year-end spending package that raises federal agency budgets and awards tax cuts to both families and a sweeping array of business interests. A 65-33 Senate vote on the $1.8 trillion measure shipped it to the White

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

boston

‘Millionaire tax’ and pot legalization sponsors file signatures, point to revenue potential

BOSTON – Massachusetts voters may soon get a chance to decide whether to raise state revenue by taxing the rich, legalizing and taxing marijuana, or both. Supporters of two ballot initiatives, one that would impose a state "millionaire tax" and one that would legalize recreational use of marijuana, both

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

Donald Trump

Trump’s plan would blow huge hole in budget, analysis shows

Donald Trump's plan to cut taxes would zap almost $12 trillion from federal receipts over 10 years, swell budget deficits to an even greater degree, and deliver the biggest benefits to the wealthiest 1 percent of Americans, according to an analysis released Tuesday by the Tax Foundation in

new hampshire

Clinton calls for action to cut student loan debt for 40 million Americans

DURHAM, N.H. — Hillary Clinton tackled the issue of rising college costs and student debt before a packed room of students and educators at the University of New Hampshire, where she also picked up the endorsement of New Hampshire Gov. Maggie Hassan. Noting that there are more than 40 million

Massachusetts

Mass. on track for income tax cut on New Year’s Day

Written by Michael P. Norton Massachusetts has hit the first of five triggers that need to be hit to force a slight income tax rate reduction on Jan. 1, 2016, according to the state revenue commissioner.