taxes

New England News
8:34 am
Wed January 23, 2013

Mass. GOP wants to make tax hikes harder to pass

Massachusetts State House, Boston, MA
Credit Mark Crawley / Flickr

BOSTON (AP) — Massachusetts House Republicans are proposing new rules that would make it harder to pass tax hikes or dip into the state's rainy day fund.

As part of a package of rules changes, the GOP wants to require two-thirds votes for all tax increases or withdrawals from the stabilization fund.

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New England News
9:54 pm
Wed January 16, 2013

Mass. Gov. Patrick's tax plan meets mixed reviews

The Massachusetts State-house in Boston, Massachusetts

BOSTON (AP) — Lawmakers are giving mixed reviews to Gov. Deval Patrick's call to hike the state's income tax while also cutting the sales tax.

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New England News
7:56 pm
Wed January 16, 2013

Massachusetts Governor Patrick calls for income tax hike in State of the Commonwealth Address

Massachusetts Governor Deval Patrick
Credit Dwight Sipler

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.

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New England News
4:56 pm
Wed January 16, 2013

Gov.Patrick To Propose Tax Increase

Credit AP Photo/Steven Senne

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.

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New England News
4:49 pm
Wed January 9, 2013

Pittsfield May Seek Revenues from Tax-Exempt Companies

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.

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Vox Pop
3:00 pm
Wed January 2, 2013

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.

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WAMC News
12:30 pm
Wed January 2, 2013

John Lavelle - 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.

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WAMC News
8:00 pm
Fri December 28, 2012

Medical Device Manufacturers Warn Tax Increases Would Hurt Industry

Medical device makers are warning of job losses and other consequences if a 2.3 percent excise tax takes effect on Jan. 1, as scheduled.

The tax is one of several imposed on segments of the health care industry to pay for President Barack Obama's health care overhaul.

Lobbyists representing the medical device industry have been urging Congress to include a postponement of the tax as part of any compromise to avert the so-called fiscal cliff.

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Vox Pop
3:00 pm
Tue November 27, 2012

Vox Pop : Financial Planning and Charitable Giving : 11/27/12

On this edition of Vox Pop, joining us to discuss personal finances, including estate planning and charitable giving, is a panel of financial experts.

Thomas Brockley is senior vice president, financial advisor and branch director in the portfolio focus program at Royal Bank of Canada’s Wealth Management division in Albany, New York.

Bill Ringham is vice president and senior wealth strategist, also with RBC Wealth Management, based in Minneapolis, Minnesota. Bill works with high net worth clients in the firm’s north region.

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Elections
3:17 pm
Mon October 8, 2012

Mass. Senate Candidates Differ Sharply on Taxes

AP

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.

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