Massachusetts Voters Consider Income Tax Cut

Massachusetts voters may soon decide on a ballot question to reduce the state income tax from 5% to 4%. The conservative policy group behind the idea claims it would benefit households, with savings ranging from $69 to over $37,000 annually, depending on income. However, Governor Maura Healey opposes the plan, warning of potential harm to the states financial health and competitiveness. The tax cut, which phases in over three years starting in 2027, would significantly impact state revenue, as income tax funds most public programs. Supporters argue it puts more money in residents pockets, while critics warn of future budget cuts.

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