Evan Horowitz, executive director of the Center for State Policy Analysis at Tufts University, said given that the state has a massive fiscal surplus now, implementing the tax relief in 2022 “is a no-brainer.”
According to Tufts University’s study, once the ‘Millionaire tax’ is passed, it would be collecting approximately 21,000 state taxpayers, which means less than 1% of all households in Massachusetts. They comprised 22% of the total taxable income in the st
Evan Horowitz, executive director of the Center for State Policy Analysis at Tufts University, said he was surprised the tax changes would not take effect until next year, but otherwise he applauded the package.
Evan Horowitz, executive director of the Center for State Policy Analysis at Tufts University, said he thinks a rebate makes sense as a way to provide relief to families now, without creating a new policy that will cost more money down the line.
A January 2022 study by the Center for State Policy Analysis at Tufts University found: “Some high-income residents may relocate to other states, but the number of movers is likely to be small...”
Horowitz said on The Codcast that the problem of high gas prices is a real one....But he said a gas tax holiday doesn’t really address the underlying problems
“It is generally considered a pretty progressive policy....But it’s also the kind of approach that attracts interest across the political aisle, it’s a family-focused policy,” Horowitz said.
It would add an estimated $1.3 billion in annual revenue for the state, according to a report published this year by the Center for State Policy Analysis at Tufts University.