How did tax hikes work out for Connecticut?

Share on Facebook
Share on Twitter
Share on
LinkedIn
+

Watch: In our newest video, Pioneer Institute’s Charlie Chieppo shares data on the economic impact of tax increases in Connecticut – which has the 2nd highest state and local tax burden in the country and ranks 49th in private sector wage and job growth. As Massachusetts considers a proposal to raise income taxes, it is important to learn from the experience of other states. Learn more.

Get Updates on Our Economic Opportunity Research

Additional Pioneer reports on the Mass. economy:

Related Posts

The past seven weeks of Massachusetts unemployment claims total 25.8 percent of the civilian workforce.

/
The U.S. Department of Labor released its weekly report on jobless claims Thursday morning at 8:30 a.m., reporting that Massachusetts received 55,448 initial unemployment insurance (UI) claims during the week ended May 2. This brings the total of regular UI claims filed in Massachusetts since March 14, the beginning of the unemployment surge, to 781,110. 

COVID-19 will likely lead to a recession. Can Massachusetts municipal budgets handle one?

/
Using municipalities' experiences during the Great Recession, a new policy brief examines the likely impact of COVID-19 on local property taxes, as well as political implications for state aid. We list the municipal revenues by category among the least tax-reliant communities in Massachusetts, show the trajectory of tax revenue growth rate in Massachusetts state and local governments, and rank stabilization fund assets per capita among Massachusetts Gateway Cities.

The past six weeks of Massachusetts unemployment claims total 24.0 percent of civilian workforce

/
The U.S. Department of Labor released its weekly report on jobless claims this morning at 8:30 a.m., reporting that Massachusetts received 70,714 initial unemployment insurance (UI) claims during the week ended April 25. This brings the total of unemployment claims filed in Massachusetts since March 14, the beginning of the unemployment surge, to 725,018. 

Re-opening for business: What should employers and commercial real estate managers do to prepare?

/
Weeks away from re-opening, now is a time when employers and real estate managers must act. To assist our community in doing a great job of preparing, Pioneer Institute, in partnership with the law firm of Verrill, is sharing two checklists that will help you keep your employees safe, anticipate challenges, and develop feasible and useful methods to successfully deal with those challenges when they do.

Report Finds “Reopening Day” in the Commonwealth Will Likely Include Phasing in Businesses and Contact Tracing

New study compares the reopening of three European countries – Austria, Denmark, and Germany – to highlight approaches that could inform the Commonwealth’s reopening strategy.

New jobless claims data shows that Massachusetts unemployment has grown from 2.8% to at least 20.4% in five weeks

/
Based on today’s jobless claims report, Pioneer Institute projects that the current unemployment rate in Massachusetts is at least 20.4 percent, with a minimum of 762,299 currently unemployed individuals.

Coronavirus & Contracts – Protecting Massachusetts Attorneys & Clients from Risk

/
In this episode of "Hubwonk," host Joe Selvaggi and Pioneer’s Chief Financial Officer & Director of Government Transparency, Mary Connaughton, speak with attorney and entrepreneur Kosta Ligris about how Massachusetts’ requirement for live attestation for many vital contracts is putting attorneys and clients at risk of exposure to coronavirus.

Hospitality, Retail Trade, Healthcare Among ‘Most Vulnerable Industries’ in Terms of Unemployment due to COVID-19

Recent data provided by the Massachusetts Executive Office of Labor and Workforce Development show that hospitality, retail trade, healthcare and social assistance, and construction are the industries that have suffered the most unemployment as a result of the coronavirus outbreak, according to the new Pioneer Institute report, “A Look at the Massachusetts Industries that are Most Vulnerable Due to COVID-19.”

COVID-19’s Impact on Rental Housing

/
The Massachusetts Legislature is currently debating a rental housing bill. What impact will it have on the many landlords for whom rental income is their only source of income?

Which industry’s workforce has been hurt the most from the COVID-19 outbreak?

/
Unemployment claims have reached all-time highs in the U.S. recently…

Will the COVID-19-related economic recession cause a spike in crime?

/
Intuitively, it makes sense that people replace legitimate business…