"Governor Charlie Baker on Wednesday proposed giving Massachusetts residents nearly $700 million in new tax breaks, including exempting hundreds of thousands of low-income workers from paying state income taxes, reshaping Massachusetts’ estate tax, and doubling certain credits for seniors and parents.The second-term Republican said he was filing the suite of proposals with his $48.5 billion spending plan, offering one of, if not the, most sweeping tax relief packages of his tenure as he embarks on his final year in office. The Democrat-controlled House and Senate would have to approve any of the changes before they become law.“The cost of just about everything is going up,” Baker told reporters Wednesday, citing inflation rising nationwide at its fastest pace in nearly four decades. “The last two years have been pretty tough on a lot of the populations we’re looking to help here, and I’d love to see the Legislature take them seriously.”Baker is not seeking any broad-based tax increases to offset the tax breaks, and his budget chief contended Wednesday that the plan included no “hidden cuts” in a bid to absorb them."
CommonWealth Magazine coverage ->
|Governor Baker's budget starts the discussion with the Legislature on FY 2023|