ARE THERE TAX CUTS IN YOUR FUTURE?

By Bob Katzen

On the heels of April tax revenue coming in more than $2 billion ahead of the amount expected, the push for tax relief was the buzz on Beacon Hill last week.

“The commonwealth of Massachusetts is awash in revenue and we’ve been saying since January … a piece of this needs to go back to the taxpayers,” said Gov. Charlie Baker whose $700 million tax cut package lingers without any action by the House or Senate. “And I really do anticipate that there will be some sort of tax cut that makes it through the process between now and the end of the legislative session.”

House Speaker Ron Mariano (D-Quincy) and Senate President Karen Spilka have not committed to any tax cuts but the pressure on them to do so has increased. Stay tuned.

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