https://pioneerinstitute.org/wp-content/uploads/Red-and-Dark-Sienna-Music-Poster-3.png 512 1024 Greg Sullivan https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Greg Sullivan2021-04-07 05:36:462021-04-07 05:39:16The Great Mismatch: The graduated income tax proposal’s gravely flawed escalation factor
The state constitutional amendment proposed by the Service Employees International Union and the Massachusetts Teachers Association to add a 4 percent surtax to all annual income above $1 million purports to use cost-of-living-based bracket adjustments as a safeguard that will ensure only millionaires will pay. But historic income growth trends suggest that bracket creep will cause many non-millionaires to be subject to the surtax over time, according to this report, "The Great Mismatch: The graduated income tax proposal’s gravely flawed escalation factor."
https://pioneerinstitute.org/wp-content/uploads/Red-and-Dark-Sienna-Music-Poster-1.png 512 1024 Andrew Mikula https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Andrew Mikula2021-04-01 05:49:202021-04-01 06:01:27The Graduated Income Tax Trap: A retirement tax on small business owners
This report finds that, 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. The study aims to help the public fully understand the impact of the proposed new tax.
https://pioneerinstitute.org/wp-content/uploads/Copy-of-CY3-1.png 512 1024 Andrew Mikula https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Andrew Mikula2021-03-25 05:34:372021-03-25 05:34:37Missing the Mark on Wealth Migration: Past Studies Drastically Undercounted Millionaires
Advocates of a constitutional amendment that would apply a 4 percent tax on all annual individual income over $1 million argue that similar taxes in other states have had little impact on the migration of millionaires, citing the research of Cornell University Associate Professor Cristobal Young, which suggests that “millionaires’ taxes” enacted in other states similar to the one being proposed in Massachusetts have had little impact on millionaire mobility. This paper demonstrates that he drastically undercounts millionaires, and outlines several ways in which he and tax advocates underestimate the number of people who will at some point in their lives be subject to a so-called millionaire’s tax and tax flight trends.
https://pioneerinstitute.org/wp-content/uploads/Red-and-Dark-Sienna-Music-Poster.png 512 1024 Serena Hajjar https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Serena Hajjar2021-03-15 05:31:572021-03-15 05:31:57Public vs. Private Employment in Massachusetts: A Tale of Two Pandemics
This report finds that 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, and 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/Yellow-and-Green-2-Circle-Venn-Diagram-1.png 512 1024 Greg Sullivan https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Greg Sullivan2021-03-10 05:39:542021-03-10 05:39:54Lessons for Massachusetts from California’s “blank check” tax on high earners
Advocates claim a proposed 4 percent surtax on high earners will raise nearly $2 billion per year for education and transportation, but similar tax hikes in other states resulted in highly discretionary rather than targeted spending. That same result or worse is possible in Massachusetts because during the 2019 constitutional convention state legislators rejected — not just one, but two — proposed amendments requiring that the new revenues be directed to these purposes. After a 2012 tax hike in California aimed to increase education investments, the state legislature dedicated little more than the minimum required by law to education and redirected the majority of the funds to general government operations. The result was a soaring state payroll.
https://pioneerinstitute.org/wp-content/uploads/CA-report-2.png 512 1024 Kevin Martin https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Kevin Martin2021-03-02 05:51:302021-03-02 05:58:09The Graduated Income Tax Amendment – A Shell Game?
This report shows that while supporters of a state constitutional amendment that would impose a 4 percent tax rate hike on annual income over $1 million claim additional revenue from the surtax will fund public education and transportation needs, the amendment in no way assures that there will be new spending on these priorities. In fact, without violating the amendment, total state education and transportation funding could stay the same or even fall.
https://pioneerinstitute.org/wp-content/uploads/CA-report.png 512 1024 Andrew Mikula https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Andrew Mikula2021-02-22 05:06:222021-03-22 14:01:49How a 2012 income tax hike cost California billions of dollars in economic activity
This study finds that a 2012 income and sales tax increase in California, named “Proposition 30,” stifled business activity, accelerated out-migration among the wealthy, and ultimately reduced the state’s tax base. It also aims to share empirical data about the impact of tax policy decisions.
https://pioneerinstitute.org/wp-content/uploads/Hubwonk-Template-4.png 512 1024 Andrew Mikula https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Andrew Mikula2021-02-10 05:25:522021-03-22 13:57:40Barriers to Exit Lowered in High-Cost States as Pandemic-Related Technologies Changed Outlook
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.
https://pioneerinstitute.org/wp-content/uploads/Connecticuts-Dangerous-Game_.png 512 1024 Andrew Mikula https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Andrew Mikula2021-01-14 05:27:092021-03-22 14:01:07Connecticut’s Dangerous Game: How the Nation’s Wealthiest State Scared Off Businesses and Worsened Its Fiscal Crisis
This report presents evidence that Connecticut’s embrace of an aggressive tax policy to pay for ballooning government expenditures — including a sharp corporate tax rate increase — has been a major driver in the loss of bedrock employers. Higher corporate tax rates, combined with hikes in the personal income tax and, especially, the estate tax, also appear to be a factor driving away a growing number of the state’s wealthiest residents.
https://pioneerinstitute.org/wp-content/uploads/Economic-Revitalization-and-Reinvention-in-Lowell-1998-2018-5.png 512 1024 Andrew Mikula https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Andrew Mikula2020-11-23 07:40:202021-03-22 12:12:47A Snapshot of Massachusetts’ Construction Industry during a Decade-long Building Boom
In “A Snapshot of Massachusetts’ Construction industry during a Decade-long Building Boom,” data from 1998 through 2018 show variations in employment and the number of businesses within the construction industry throughout Massachusetts. The report even includes a map of employment concentration in the construction industry by town.
https://pioneerinstitute.org/wp-content/uploads/Economic-Revitalization-and-Reinvention-in-Lowell-1998-2018-3.png 512 1024 Andrew Mikula https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Andrew Mikula2020-11-18 17:35:252021-03-22 13:58:38A Checklist for How to Revitalize the Industries Hit Hardest by COVID-19
This checklist combines the recommendations of studies published earlier this year offering recommendations for policy makers, 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 Andrew Mikula https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Andrew Mikula2020-11-16 07:33:252020-11-16 16:32:31Before COVID-19, the Hospitality & Food Industry was a Service Sector Economic Powerhouse
A new report from Pioneer Institute, “Before COVID-19, the Hospitality & Food Industry was a Service Sector Economic Powerhouse,” draws data from the MassEconomix web tool to analyze Hospitality and Food Industry employment across the state. Data spanning two decades from 1998 through 2018 show fluctuations in employment, firm size, and the share of businesses within the Hospitality and Food Industry throughout Massachusetts. The report shows a map of employment concentration in the Hospitality and Food Industry by town.
https://pioneerinstitute.org/wp-content/uploads/Economic-Revitalization-and-Reinvention-in-Lowell-1998-2018.png 512 1024 Andrew Mikula https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Andrew Mikula2020-10-26 09:48:052020-10-26 09:48:05Economic Revitalization and Reinvention in Lowell, 1998-2018
In “Economic Revitalization and Reinvention in Lowell, 1998-2018,”…
https://pioneerinstitute.org/wp-content/uploads/Allston-map.png 669 1128 Mary Connaughton https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Mary Connaughton2020-10-19 13:37:552020-10-19 13:37:55Public Testimony to the Joint Meeting of the MassDOT Board of Directors and Fiscal Management Control Board
Public Testimony to the Joint Meeting of the MassDOT Board of Directors and Fiscal Management Control Board regarding the Allston Multimodal Project, on Oct. 19th, 2020 by Mary Z. Connaughton, Pioneer Institute.
https://pioneerinstitute.org/wp-content/uploads/Broad-Industry-Sector-Trends-in-Massachusetts-1998-2018.png 512 1024 Andrew Mikula https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Andrew Mikula2020-09-28 10:01:042020-09-28 10:01:04Broad Industry Sector Trends in Massachusetts, 1998-2018: A MassEconomix Report
Service-based industries have significantly outperformed manufacturing and other traditional blue-collar economic sectors in Massachusetts since 2008, according to a new report from Pioneer Institute that draws on data from the MassEconomix web tool.
https://pioneerinstitute.org/wp-content/uploads/Five-Reasons-Why-Drug-Rebates-Are-Harmful-to-Patients-and-to-the-Healthcare-System-1.png 512 1024 Greg Sullivan https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Greg Sullivan2020-09-24 07:28:532021-02-15 15:20:59The Long View: A Public Policy Roadmap for Saving Small Businesses During the COVID-19 Recovery Period
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/credit-card.png 512 1024 Andrew Mikula https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Andrew Mikula2020-06-10 14:29:442020-06-24 18:31:33As the COVID-19 Pandemic Spurs Consumer Shift to E-Commerce, the Massachusetts Sales Tax Collection System Deserves Renewed Scrutiny
At a time when state tax revenues are plummeting, a plan to modernize sales tax collection could get money into state coffers more quickly. This report analyzes the merits of a two-part proposal Governor Baker included in his January state budget submission to streamline state sales tax collections. Sullivan and Mikula find that the first part of Baker’s plan makes sense and is entirely feasible because advances in electronic data processing and electronic funds transfer have eliminated the need for protracted remittance timetables.
https://pioneerinstitute.org/wp-content/uploads/credit-card-12.png 512 1024 Greg Sullivan https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Greg Sullivan2020-04-20 15:49:022020-06-29 13:14:57A Look at the Massachusetts Industries that are Most Vulnerable Due to COVID-19
A new report using recent data provided by the Massachusetts Executive Office of Labor and Workforce Development shows 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.
https://pioneerinstitute.org/wp-content/uploads/Red-line-train-with-Boston-skyline-2.jpg 1413 2124 Andrew Mikula https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Andrew Mikula2020-02-12 16:33:352020-06-24 19:08:15Greater Boston as a Global Competitor
This report finds that in order for Boston to become even more attractive to international companies and investors, Boston-area leaders must work to improve housing and healthcare affordability, transportation infrastructure, economic development policies, and education. Pioneer synthesized dozens of economic, lifestyle, and governance indicators into five categories of importance to Boston’s profile in the international competition for talent and investment.
https://pioneerinstitute.org/wp-content/uploads/1040-Tax-Form.jpg 1524 2294 Greg Sullivan https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Greg Sullivan2018-05-23 14:43:462020-06-29 14:48:03Eight more responses to Professor Young—nine really
Pioneer's Greg Sullivan offers a rebuttal to Professor Cristobal Young's criticism of his recent report, "Eight Reasons to Question Professor Cristobal Young's Conclusions about Millionaire's".
https://pioneerinstitute.org/wp-content/uploads/Rubber-stamp-on-tax-form-1.jpg 1527 2290 Greg Sullivan https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Greg Sullivan2018-05-21 14:49:462020-06-29 14:52:00Eight Reasons to Question Professor Cristobal Young’s Conclusions about Millionaire’s
The work of a Stanford University Professor whose research has formed the foundation of efforts, such as one scheduled to appear on the Massachusetts ballot in November, to impose surtaxes on high earners is flawed because it excludes the vast majority of millionaires, according to a new study published by Pioneer Institute.
https://pioneerinstitute.org/wp-content/uploads/credit-card-3-1.png 512 1024 Greg Sullivan https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Greg Sullivan2018-03-26 15:14:252020-06-29 15:17:14Housing & Who’s a ‘Millionaire’ according to Proposition 80
The tax hike on those with annual taxable incomes of $1 million or more that would result from a proposed amendment to the state constitution scheduled to appear on the Commonwealth’s November ballot would likely ensnare an ever-increasing number of taxpayers because the index used to adjust the million-dollar threshold has historically grown at a far slower rate than the taxable income of Massachusetts taxpayers and increases in state home values.
https://pioneerinstitute.org/wp-content/uploads/property-tax.jpg 567 847 Greg Sullivan https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Greg Sullivan2018-03-02 15:30:432020-06-29 15:32:25Will The Wealthy Leave? They Already Are and Proposition 80 Will Only Make it Worse
Passage of Proposition 80, the tax hike proposal scheduled to…
https://pioneerinstitute.org/wp-content/uploads/credit-card-4-1.png 512 1024 Greg Sullivan https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Greg Sullivan2018-02-13 15:35:362020-06-29 15:38:31The Federal Tax Reform Act’s cap on deductions of state income taxes has turned Proposition 80 into an economic time bomb for Massachusetts
This report finds that recent passage of the federal tax overhaul legislation will exacerbate the negative economic impact of Proposition 80, the proposed constitutional amendment scheduled to appear on Massachusetts’ November ballot that would add a 4 percent surtax on annual taxable income over $1 million.
https://pioneerinstitute.org/wp-content/uploads/IRS-Bldg-Taxes-are-what-we-pay.jpg 2304 3456 Greg Sullivan https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Greg Sullivan2018-01-25 15:38:512020-06-29 15:41:20Back to Taxachusetts? Lessons from Connecticut
This report urges proponents of a 2018 statewide ballot initiative that would add a surcharge on the state taxes of those earning over $1 million annually to look at the experience of Connecticut, where multiple rounds of tax hikes aimed at high earners triggered an exodus of large employers and high-earning individuals that resulted in declining tax revenue.
https://pioneerinstitute.org/wp-content/uploads/Lady-Liberty.jpg 2289 1527 Dean Stansel https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Dean Stansel2017-12-14 15:54:152020-06-29 15:56:49Economic Freedom of North America 2017
Economic Freedom of North America 2017 is the thirteenth edition of the Fraser Institute’s annual report. This year it measures the extent to which the policies of individual provinces and states were, in 2015, supportive of economic freedom, the ability of individuals to act in the economic sphere free of undue restrictions.
https://pioneerinstitute.org/wp-content/uploads/credit-card-5-1.png 512 1024 Greg Sullivan https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Greg Sullivan2017-10-17 16:10:172020-06-29 16:12:21Back to Taxachusetts Series: Capital Gains
This report shows that if Massachusetts voters approve Proposition 80, scheduled to appear on the statewide ballot next year, Massachusetts’ top capital gains tax rate would go from 30th highest in the nation to fourth and the commonwealth’s highest combined state and federal rate would move from 25th to second.
https://pioneerinstitute.org/wp-content/uploads/broken-piggy-bank.jpg 263 350 Pioneer Institute https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Pioneer Institute2015-02-17 12:59:362020-07-13 13:04:08A Road to Financing
This manual was prepared as part of the Urban Business Alliance (UBA)- a unique initiative of Pioneer’s Center for Urban Entrepreneurship that helps low- and moderate-income entrepreneurs by bolstering the skills of the community-based business advisors they look to for assistance.
https://pioneerinstitute.org/wp-content/uploads/Banner-3.png 512 1024 Charles Chieppo https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Charles Chieppo2015-01-01 11:47:042020-07-27 11:51:09Rebuilding the Ladder to Self- Sufficiency: Workfare and Welfare Reform
The full implementation of welfare reform in Massachusetts required a waiver from the federal government. The commonwealth requested such a waiver to allow for the work requirement, time limits, job training, and the centralization of its public assistance system. The waiver was granted for all except time limits.
https://pioneerinstitute.org/wp-content/uploads/Banner-4.png 512 1024 Pioneer Institute https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Pioneer Institute2014-10-01 11:51:202020-07-27 11:55:24A Challenge to Economic Freedom: Declining Labor Participation
The fact is that the unemployment rate doesn't tell the whole story. Strictly defined as the percentage of the population who are out of work and actively seeking employment, this metric provides a very narrow lens through which to evaluate labor market performance. A look at labor participation rates — the labor force as a percentage of the civilian non-institutional population — helps paint a more accurate picture.