The state’s new governor continues her streak of promising assist for tax reform with out offering a lot in the best way of particulars.
“I’m not ready to announce yet what our position is going to be with respect to tax relief,” Gov. Maura Healey stated. “That’s something that is the subject of ongoing discussion right now.”
With lower than three weeks into her time in workplace, the governor continued a convention set by her predecessors in showing on GBH’s Boston Public Radio with Margery Eagan and Jim Braude Tuesday, for his or her recurring “Ask the Governor” section, broadcast reside from the Boston Public Library.
About midway by means of the her radio look, a caller requested Healey if she was going to do “something” to assist older residents with their property taxes.
“This is something I’m really sensitive to,” the governor advised the caller.
“During the campaign I supported lowering taxes for seniors, addressing the circuit breaker. I also supported progressive tax relief for a variety of folks; when it came to renters, to lower income individuals. I also supported, for what it’s worth, raising the limit for the estate tax from one to $2 million. I have been a proponent, a strong proponent, of tax relief for people around the state. I continue to be,” she stated.
The governor isn’t stretching the reality when she says she has voiced assist for tax aid: she was cited typically over her approval of a package deal proposed by former Gov. Charlie Baker in January, a place she maintained by means of and previous the November basic election.
She hasn’t, although, been particular on what a Healey tax package deal may seem like.
Baker’s plan died within the legislature, regardless of unanimous assist, after it did not clear the convention committee liable for finalizing the proposal.
“I think those are all good ideas,” she stated of Baker’s tax cuts, which included a change to the rental deduction, a cap on seniors’ property taxes, and supplied tax exemption to low revenue households. “I think those are all good elements, I think there are other elements to consider.”
Healey could have some excuse for her reticence: she hasn’t filed a price range but and gained’t till March 1. She simply realized final week the state expects to make about $40 billion in taxes in fiscal 2024, a determine she’s going to use to find out how a lot her administration can spend.
“We have more work to do and discussion over the next few days, next few weeks really, when it comes to thinking about what a tax relief package might look like,” Healey stated. “This is the subject of ongoing discussion with legislative leadership, recognizing, I think we all recognize, that families are hurting and affordability is a key issue for our state.”
Source: www.bostonherald.com”