https://pioneerinstitute.org/wp-content/uploads/Red-and-Dark-Sienna-Music-Poster-7.png 512 1024 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2021-05-05 05:33:362021-05-05 06:04:38Study Says Interstate Tax Competition, Relocation Subsidies Exacerbate Telecommuting Trends
A spate of new incentive and subsidy programs seeking to lure talented workers and innovative businesses away from their home states could constitute an additional challenge to Massachusetts’ economic and fiscal recovery from COVID-19, according to a new study published by Pioneer Institute.
https://pioneerinstitute.org/wp-content/uploads/Copy-of-CG8.png 512 1024 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2021-04-26 05:08:592021-04-26 05:22:50Study Warns Massachusetts Tax Proposal Would Deter Investment, Stifling the “Innovation Economy”
A state constitutional amendment promoted by the Massachusetts Teachers Association and the Service Employees International Union adding a 4 percent surtax to all annual income above $1 million could devastate innovative startups dependent on Boston’s financial services industry for funding, ultimately hampering the region’s recovery from the COVID-19 economic recession, according to a new study published by Pioneer Institute.
https://pioneerinstitute.org/wp-content/uploads/Red-and-Dark-Sienna-Music-Poster-4.png 512 1024 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2021-04-20 05:46:542021-04-20 15:51:32Study Shows the Adverse Effects of Graduated Income Tax Proposal on Small Businesses
The state constitutional amendment promoted by the Massachusetts Teachers Association and the Service Employees International Union to add a 4 percent surtax to all annual income above $1 million will adversely impact a significant number of pass-through businesses, ultimately slowing the Commonwealth’s economic recovery from COVID-19, according to a new study published by Pioneer Institute.
https://pioneerinstitute.org/wp-content/uploads/Red-and-Dark-Sienna-Music-Poster-1.png 512 1024 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2021-04-01 05:56:422021-04-01 07:11:11New Study Warns Graduated Income Tax Will Harm Many Massachusetts Retirees
If passed, a constitutional amendment to impose a graduated income tax would raid the retirement plans of Massachusetts residents by pushing their owners into higher tax brackets on the sales of homes and businesses, according to a new study published by Pioneer Institute. The study, entitled “The Graduated Income Tax Trap: A retirement tax on small business owners,” aims to help the public fully understand the impact of the proposed new tax.
https://pioneerinstitute.org/wp-content/uploads/Copy-of-CY3-2.png 512 1024 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2021-03-25 05:46:072021-04-01 06:00:36Study: Graduated Income Tax Proponents Rely on Analyses That Exclude the Vast Majority Of “Millionaires” to Argue Their Case
Advocates for a state constitutional amendment that would apply a 4 percent surtax to households with annual earnings of more than $1 million rely heavily on the assumption that these proposed taxes will have little impact on the mobility of high earners. They cite analyses by Cornell University Associate Professor Cristobal Young, which exclude the vast majority of millionaires, according to a new study published by Pioneer Institute.
https://pioneerinstitute.org/wp-content/uploads/Red-and-Dark-Sienna-Music-Poster.png 512 1024 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2021-03-15 05:43:412021-03-15 05:45:37Report Contrasts State Government and Private Sector Employment Changes During Pandemic
Massachusetts state government employment has been virtually flat during COVID-19 even as employment in the state’s private sector workforce remains nearly 10 percent below pre-pandemic levels, according to a new study published by Pioneer Institute. The study, “Public vs. Private Employment in Massachusetts: A Tale of Two Pandemics,” questions whether it makes sense to shield public agencies from last year’s recession at the expense of taxpayers.
https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png 0 0 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2021-02-16 10:25:162021-02-16 10:25:16Wealth Migration Trends: Remote Work Technology Empowers Workers to Live Anywhere
Host Joe Selvaggi talks with Pioneer Institute’s Andrew Mikula about his recent research into migration trends of high-income individuals, how pandemic-related technologies may accelerate that movement, and what challenges these changes present for policy makers.
https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png 0 0 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2021-02-10 05:29:552021-03-22 13:57:11New Study Finds Pandemic-Spurred Technologies Lowered Barriers to Exit in High-Cost States
Both employers and households will find it easier to leave major job centers as technologies made commonplace by the COVID-19 pandemic have led to a rethinking of the geography of work, according to a new study published by Pioneer Institute.
https://pioneerinstitute.org/wp-content/uploads/somin.jpg 600 600 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2021-02-09 09:23:132021-03-22 13:56:19Interstate Legal Skirmish: New Hampshire Takes Massachusetts Telecommuter Tax to the Supreme Court
Host Joe Selvaggi talks with legal scholar and George Mason University Law Professor Ilya Somin about the details, the merits, and the likely implications of the Supreme Court case, New Hampshire v. Massachusetts, on state taxation power, federalism, and the power to vote with one’s feet.
https://pioneerinstitute.org/wp-content/uploads/Hubwonk-Template-3.png 512 1024 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2021-02-02 10:39:172021-03-22 13:59:02Connecticut’s Painful Journey: Wealth Squandered, Lessons Learned, Promise Explored
Host Joe Selvaggi talks with Connecticut Business and Industry Association’s President and CEO, Chris DiPentima, about what policy makers can learn from Connecticut’s journey from the wealthiest state in the nation, to one with more than a decade of negative job growth.
https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png 0 0 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2021-02-01 05:10:572021-03-22 14:02:12New Study Shows Significant Wealth Migration from Massachusetts to Florida, New Hampshire
Over the last 25 years, Massachusetts has consistently lost taxable income, especially to Florida and New Hampshire, via out-migration of the wealthy, according to a new Pioneer Institute study. In “Do The Wealthy Migrate Away From High-Tax States? A Comparison of Adjusted Gross Income Changes in Massachusetts and Florida,” Pioneer Institute Research Director Greg Sullivan and Research Assistant Andrew Mikula draw on IRS data showing aggregate migration flows by amount of adjusted gross income (AGI). The data show a persistent trend of wealth leaving high-tax states for low-tax ones, especially in the Sun Belt.
https://pioneerinstitute.org/wp-content/uploads/Hubwonk-Template-2.png 512 1024 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2021-01-26 10:50:162021-03-22 12:11:55Intrepid Restauranteurs Endure: Passion for Community, Patrons, and Staff Mean Failure is Not on the Menu
Host Joe Selvaggi talks with Massachusetts Restaurant Association President and CEO Bob Luz about the devastating effects of the pandemic and lockdowns on restaurants. They discuss the industry's creative strategy for survival, plans for reaching beyond the crisis, and the many positive improvements for this vital sector that employs 10% of the workforce in the commonwealth.
https://pioneerinstitute.org/wp-content/uploads/JoshRauh.jpg 390 278 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2021-01-19 10:47:172021-03-22 13:59:45California Tax Experiment: Policy Makers Receive Valuable Economics Lesson
Host Joe Selvaggi talks with Stanford University Economics Professor Joshua Rauh about his research on the reaction of Californians to a tax increase, from his report, “The Behavioral Response to State Income Taxation of High Earners, Evidence from California.” Prof. Rauh shares how his research offers tax policy makers insight into the likely effects of similar increases in their own states, including here in Massachusetts.
https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png 0 0 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2021-01-14 05:48:432021-02-15 16:11:15New Study Finds Tax Policy Drives Connecticut’s Ongoing Fiscal & Economic Crisis
Multiple rounds of tax increases aimed at high earners and corporations triggered an exodus from Connecticut of large employers and wealthy individuals, according to a new study published by Pioneer Institute.
https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png 0 0 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2021-01-05 10:50:492021-01-05 10:56:55Unemployment Insurance Rescue: Employer Advocate Seeks Relief to Catalyze Pandemic Recovery
Joe Selvaggi talks with John Regan, President and CEO of Associated Industries of Massachusetts, about the impact of higher UI rates on employers and what legislators can do to help mitigate the pain.
https://pioneerinstitute.org/wp-content/uploads/Economic-Revitalization-and-Reinvention-in-Lowell-1998-2018-5.png 512 1024 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2020-11-23 07:43:362020-12-07 17:05:44Pioneer Report Spotlights Decade-long Building Boom in Massachusetts Construction Industry
In the lead-up to the COVID-19 crisis, the Massachusetts construction industry enjoyed a boom in select subsectors, though employment numbers had yet to recover from the setbacks of the Great Recession, according to a new report from Pioneer Institute that draws data from the MassEconomix web tool.
https://pioneerinstitute.org/wp-content/uploads/Economic-Revitalization-and-Reinvention-in-Lowell-1998-2018-3.png 512 1024 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2020-11-19 08:00:132020-11-19 08:48:28Pioneer Checklist Includes Steps for Policy Makers, Business Owners to Revitalize Hardest-Hit Industries
Combining the recommendations of studies published earlier this year, Pioneer Institute has released “A Checklist for How to Revitalize the Industries Hit Hardest by COVID-19.” The recommendations for policy makers are organized in three sections: Immediate Relief, Tax Policy Changes and Permanent Reforms. Business owner recommendations are split into COVID-19 Health and Safety Protocols, Expanded Services and Steps to Improve Cash Flow.
https://pioneerinstitute.org/wp-content/uploads/Economic-Revitalization-and-Reinvention-in-Lowell-1998-2018-2.png 512 1024 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2020-11-16 07:35:202020-12-07 17:07:12Pioneer Report Highlights Pre-Pandemic Employment Growth in Massachusetts’ Hospitality & Food Industry
In the lead-up to the COVID-19 crisis, the Massachusetts Hospitality and Food Industry enjoyed generally positive employment growth, according to a new report from Pioneer Institute that draws data from the MassEconomix web tool. Most of the Hospitality and Food Industry employment across the state is concentrated in full-service restaurants and hotels.
https://pioneerinstitute.org/wp-content/uploads/WordPress-Blog-Post-Featured-Image-2.png 512 1024 Andrew Mikula https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Andrew Mikula2020-11-12 10:38:302020-11-16 10:50:00Targeted government help for small business is needed
Covid-19 will frame economic policy discussions for years to come, just as the Great Recession did a decade ago. The economic impact of the pandemic includes widespread job losses, and millions of Americans are at risk of falling into poverty. Covid-19 is also accelerating pre-existing market trends – such as automation and online shopping – and their potentially devastating impact on the thousands of small businesses vulnerable to these market shifts. Will these businesses be able to adapt?
https://pioneerinstitute.org/wp-content/uploads/CBaker.jpg 1113 1670 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2020-11-04 14:24:342021-03-22 11:48:11Pioneer Institute Statement on Governor Baker’s New COVID Restrictions
Read Pioneer Institute's public statement about Gov. Charlie Baker's new executive orders related to the state’s reopening plan that will go into effect on Nov. 6, issued in response to a significant uptick in COVID infections in Massachusetts,
https://pioneerinstitute.org/wp-content/uploads/mikula.jpg 200 200 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2020-10-06 09:57:222021-02-15 15:48:24Small Business Life Support: Policy Relief for Firms Sickened by COVID?
Host Joe Selvaggi talks with Pioneer Institute’s Andrew Mikula and Retailers Association of Massachusetts' Jon Hurst about the state of small business in Massachusetts six months into the pandemic.
https://pioneerinstitute.org/wp-content/uploads/Five-Reasons-Why-Drug-Rebates-Are-Harmful-to-Patients-and-to-the-Healthcare-System-1.png 512 1024 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2020-09-24 08:00:262020-12-11 13:11:37Study: Economic Recovery from COVID Will Require Short-Term Relief, Long-Term Reforms
As the initial economic recovery from the COVID-19 pandemic has slowed, a new study from Pioneer Institute finds that governments must continue to provide short-term relief to stabilize small businesses as they simultaneously consider longer-term reforms to hasten and bolster recovery – all while facing a need to shore up public sector revenues.
https://pioneerinstitute.org/wp-content/uploads/pexels-photo-3888048.jpg 1300 861 Darley Boit https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Darley Boit2020-08-20 12:30:452020-12-11 13:07:25Effects of Covid-19 on the Accommodation and Food Services Industry
Since March, lockdowns and safety regulations from the Covid-19 pandemic have dramatically affected the Accommodation and Food Services industry. The sector is predicted to lose at least 2.1 billion dollars in Massachusetts before recovering. These losses affect individuals, businesses, and Massachusetts’ economy as a whole.
https://pioneerinstitute.org/wp-content/uploads/Dollar-bills-1.jpg 1079 1527 Thomas O'Rourke https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Thomas O'Rourke2020-08-14 10:00:422020-08-13 09:52:45Massachusetts PPP Benefits Big Businesses, Data Called Into Question
https://pioneerinstitute.org/wp-content/uploads/PPP-blog-1.3.png 661 911 Nina Weiss https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Nina Weiss2020-08-13 10:00:412021-01-28 15:24:57Where Did the Largest PPP Loans Go? Assessing the distribution of loans by industry
The coronavirus has wreaked havoc on all parts of the economy,…
https://pioneerinstitute.org/wp-content/uploads/retail-sales-2.png 413 1054 Nina Weiss https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Nina Weiss2020-08-03 11:00:272021-01-28 15:11:39Data, Attitudes, and Ecommerce: Noteworthy trends in retail for the present and future
Following the July 16th release of the June Retail Sales Report…
https://pioneerinstitute.org/wp-content/uploads/Copy-of-Untitled-16.png 512 1024 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2020-07-28 20:00:102020-12-11 12:29:26New Study Offers Guide to Recovery in MA Retail, Accommodation and Tourism, and Restaurant Sectors
A new guide to economic recovery in the retail and hospitality industries published by Pioneer Institute calls for the federal and state governments to consider consumption-based refundable tax credits for brick and mortar businesses; the federal government to conduct a detailed study of the costs and benefits of suspending employer-side payroll taxes; businesses to pay special attention to developing and marketing their cleanliness, hygiene and contactless procedures; and third-party customer review sites to include comments about the implementation of COVID safety measures to provide options and reassurance to safety-minded consumers
https://pioneerinstitute.org/wp-content/uploads/TRACKER-1.png 512 1024 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2020-07-07 11:47:002020-12-10 16:18:12PPP Loan Tracker
To advance transparency regarding public funds, Pioneer Institute developed this Paycheck Protection Plan Loan Tracker. This web tool allows you to track PPP loans by recipient, lender, location, industry, and loan range. According to this data, from the Small Business Administration, 18,177 Massachusetts small businesses received PPP loans, which the companies claim retained 738,613 jobs.
https://pioneerinstitute.org/wp-content/uploads/people-wearing-backpacks-1454360-scaled.jpg 1707 2560 Nina Weiss https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Nina Weiss2020-07-07 11:40:482020-12-11 12:30:39One UMass System, Different Reopening Plans
One UMass System, Different Reopening Plans On March 11, UMass…
https://pioneerinstitute.org/wp-content/uploads/lighthouse.jpeg 1500 1206 Max von Schroeter https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Max von Schroeter2020-06-17 13:51:402020-06-10 16:53:48Coronavirus Hits Back on Communities Who Slowed Their Spread
“This couldn’t come at a worse time,” said rep. Bill Keating…