November 3, 2025
New Pioneer Institute Analysis Finds Proposed Massachusetts Income-Tax Cut Unlikely to Cause Major State Revenue Decline
Lessons from the 2000 Massachusetts Income-Tax Rollback: A Reality-Check for the 2025 Ballot Debate is an empirical analysis of Massachusetts revenue data from FY1998–FY2021. The study concludes that a one-point rate reduction is unlikely to produce large, persistent revenue shortfalls, and that long-term fiscal stability depends far more on economic performance than on marginal rate differences.