BOSTON (AP) — Gov. Deval Patrick has asked the Legislature for a $1.9 billion in new taxes to support major new spending on transportation and education.
In his annual state of the state address to a joint session of the Legislature, Patrick called for hiking the state income tax from 5.25 percent to 6.25 percent, while doubling the personal exemption for all taxpayers and eliminating dozens of itemized deductions.
Massachusetts Governor Deval Patrick is expected to call for higher taxes in his State of the Commonwealth address tonight.
Governor Deval Patrick started making the case for higher taxes Monday when he endorsed a plan from the state department of transportation to increase spending by more than $1 billion a year on the highway system, commuter rail and regional transit authorities.
The City of Pittsfield is in the process of forming a committee to explore a Payments in Lieu of Taxes – or PILOT – program – aimed at local non-profits, in order to possibly generate additional revenues for city services.
Vox Pop : Open Forum - Does the Fiscal Cliff Deal Matter? - 1/2/13
Congress avoided the automatic tax increases and budget cuts of the dreaded fiscal cliff at the last minute this week with a deal that raises tax rates on individuals with incomes over $400,000 and couples making $450,000.
WAMC's Brian Shields speaks with tax attorney and certified public accountant John Lavelle of Lavelle & Finn, LLP.
The dreaded drop off the fiscal cliff has been avoided, so what does it mean for our taxes. Before the agreement, there were dire predictions that many middle-class Americans could see their yearly tax bills go up by some three thousand dollars, if Congress and the White House did not agree on a tax and spending plan by the time the ball dropped in Times Square.
Republican Senator Scott Brown and Democratic challenger Elizabeth Warren have sharp differences when it comes to taxes, with both claiming their policies would lower taxes for the middle class.
Brown and Warren both support extending Bush-era tax cuts for families earning less than $250,000 per year. Warren, however, wants the cuts to expire after December 31 for those above that income level, while Brown would extend cuts for Americans in all tax brackets.