Press Releases on the Massachusetts Economy

Taxachusetts Must Be Stopped

Going back to the bad old days of Taxachusetts would be an almost unfathomable mistake. Between the $3 billion bombshell that upended the recent legislative session, the ambiguity about how the tax revenue will actually be spent, and the contrasting examples of neighboring New Hampshire and Connecticut, Bay State voters have plenty of reasons to come back to reality and reject the ill-conceived proposal to amend the Massachusetts constitution this November.

November 7, 2022/by Charles Chieppo

Steve Tobocman and Mamba Hamissi on How Refugees Are Revitalizing Detroit

This week on JobMakers, host Denzil Mohammed talks with Steve Tobocman, head of the economic development nonprofit Global Detroit, and one of the thousands of refugee business owners he’s assisted, Mamba Hamissi, Burundi native and co-founder of Baobab Fare, an East African restaurant.

November 3, 2022/by Editorial Staff

Grading State Governors: Do Higher Taxes Equate To Higher Value?

This week on Hubwonk, host Joe Selvaggi talks with Cato Institute’s Chris Edwards about the new report he co-authored entitled, "Fiscal Policy Report Card on America’s Governors 2022." They discuss how Massachusetts Governor Charlie Baker’s fiscal stewardship compares with other states, and explore whether higher tax rates and spending correlate with better state performance and resident satisfaction.

November 1, 2022/by Editorial Staff

The Causes and Potential Cures for Inflation

This week on Hubwonk, Harvard economist and Pioneer Institute board member Ed Glaeser interviews Larry Summers, former U.S. Treasury Secretary and President Emeritus of Harvard University, for a special episode on the origins of inflation, its impact on the American economy, and a roadmap to recovery.

October 25, 2022/by Editorial Staff

Sheetal Bahirat Turns a Profit on Food Waste

This week on JobMakers, host Denzil Mohammed talks with Sheetal Bahirat, founder and CEO of Hidden Gems Beverage Company, maker of Reveal Avocado Seed Brew, and immigrant from India. Food waste is an understudied and underutilized component of our daily lives with huge implications for our bodies and the planet - it is the number one contributor to climate change.

October 20, 2022/by Editorial Staff

How did tax hikes work out for Connecticut?

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.

October 13, 2022/by Editorial Staff

Income Inequality Explored: Wage Gap Overlooks Government Intervention

This week on Hubwonk, host Joe Selvaggi talks with John F. Early, economist and author of the newly released book, The Myth of American Inequality, about the history of income inequality, its true size, and trends. They also discuss how census data used in policy decision-making misses nearly all the effects of government intervention and distorts the truth about the income American families actually have to spend.

October 4, 2022/by Editorial Staff

How would a tax increase impact the MA economy?

Pioneer's Charlie Chieppo explains how an income tax hike in Massachusetts will impact retirees and small business owners - not just "the super rich."

September 30, 2022/by Editorial Staff

Globe columnist Shirley Leung makes our argument on the tax hike amendment

In today's Boston Globe, business columnist Shirley Leung raises important questions about who exactly will be impacted by the tax hike amendment that will appear on the Massachusetts ballot in November. The answer is retirees and small business owners - and we have the data to prove it.

September 22, 2022/by Charles Chieppo

Study: Legislators Must Answer Key Questions Before Setting Policy for App-Based Rideshare/Delivery Workers

After Massachusetts’ Supreme Judicial Court declared an initiative that was to appear on the November ballot unconstitutional, the issue of how to classify app-based rideshare/delivery workers is back in the hands of the state Legislature. A new study published by Pioneer Institute distills from the research literature eight questions legislators must answer before determining how to address this fast-growing industry.

September 21, 2022/by Editorial Staff

WSJ op-ed: Don’t Make Massachusetts ‘Taxachusetts’ Again

Unlike many blue states, Massachusetts has resisted the temptation to raise taxes on high earners. That antitax fortitude is about to be tested. In November, state legislators will ask voters to approve an amendment to the Massachusetts constitution adding a 4% surcharge to annual income over $1 million.

September 9, 2022/by Jim Stergios

Patrick Anquetil on America’s Freedom to Innovate

This week on JobMakers, host Denzil Mohammed talks with Dr. Patrick Anquetil, immigrant from France and co-founder and CEO of Portal Instruments in Cambridge, Massachusetts, a clinical stage medical device company developing a needle-free drug delivery platform. As Patrick shares, there was no way he could have started a business like this in his home country.

September 8, 2022/by Editorial Staff

Liya Palagashvili on the Security Threat from Losing Skilled Immigrants

This week on JobMakers, host Denzil Mohammed talks with Dr. Liya Palagashvili, immigrant from the former Soviet Union, Senior Research Fellow at the Mercatus Center at George Mason University, and affiliated research fellow at NYU Law. Dr. Palagashvili shares findings from research she co-authored on the Optional Practical Training (OPT) program, which fills the gap for international students between studying in the U.S. and being employed here through a work visa.

August 18, 2022/by Editorial Staff

Josh Smith on Immigrants’ Role in Economic Recovery

This week on JobMakers, host Denzil Mohammed talks with Josh Smith, research manager at The Center for Growth and Opportunity at Utah State University, about his work to demonstrate the outsized impact immigrants have on the economy and our culture. Josh describes some of the the negative narratives and the "othering" of immigrants, even though they’re part of our communities. Despite repeated fears that each new migrant group would never assimilate, America remains a “nation of immigrants,” and this is its not-so-secret sauce - as you’ll learn in this week’s JobMakers.

August 11, 2022/by Editorial Staff

Khamzat Asabaev Wants to Put a Smile on Your Face

This week on JobMakers, host Denzil Mohammed talks with Khamzat Asabaev, refugee from Chechnya and cofounder of SoftSmile, a software tool that helps dentists provide affordable, quality orthodontic treatment. Khamzat pursued entrepreneurship to make basic services accessible to all, after experiencing a lack of access to basic care as a refugee and a minority. Refugees like Khamzat face terrible circumstances, but through resilience and fortitude, often make significant contributions to their adopted homeland, with higher rates of employment and entrepreneurship. That means they give back far more than we gave them, as you’ll discover in this week’s JobMakers.

August 4, 2022/by Editorial Staff

Other People’s Money: Fair Share’s Populist Promises and Problems

This week on Hubwonk, host Joe Selvaggi talks with Boston Globe columnist Jeff Jacoby about November’s Massachusetts Ballot Question 1, the so-called Fair Share Amendment. They examine both the merits and timing of a graduated state income tax, as well as the effects on society of creating separate categories of taxpayers, and the dangers of setting the many against the few.

August 2, 2022/by Editorial Staff

Pioneer Institute Expects That Massachusetts Taxpayers Will Be Refunded $3.2B Due To State Revenue Cap

Pioneer Institute projects that the state will refund approximately $3.2 billion to taxpayers due to a state law sponsored by Citizens for Limited Taxation and voted on by taxpayers in 1986 that caps the amount of revenue the state can collect in any given year.

July 29, 2022/by Editorial Staff

April Ryan Paints Her Way to Success

This week on JobMakers, host Denzil Mohammed talks with April Ryan, immigrant from Russia, founder and CEO of Red Iguana nail art products, and influencer to hundreds of thousands. April came to the U.S. from a poor town, speaking no English, but through tenacity and inventiveness, she achieved success by creating video tutorials of nail art, and developing a breakthrough product that became a bestseller in 19 countries.

July 28, 2022/by Editorial Staff

What’s going on with the economy in Cambridge?

Dubbed the city of squares, Cambridge, a leading innovation center,…

July 26, 2022/by Etelson Alcius

Aki Balogh on How U.S. Diversity Drives Business

This week on JobMakers, host Denzil Mohammed talks with Aki Balogh, immigrant from Hungary and cofounder of MarketMuse, which created an artificial intelligence powered content intelligence and strategy platform; and cofounder of dlc.link, which aims to decentralize Bitcoin. Moving to the U.S. after fleeing post-communist Hungary, Aki and his family did whatever they could do to survive, and that included delivering newspapers and phone books, and even starting a computer repair business at 15, as a young teen. Today, Aki is a pioneer in content intelligence technology and has created more than 90 jobs in the past eight years.

July 21, 2022/by Editorial Staff

New Report: Massachusetts Maintains Reasonable Debt Relative to GSP

Massachusetts has more debt than any New England state. Can we afford to pay it off or will we hand it down to future generations?

July 19, 2022/by Joseph Staruski