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The MBTA is facing 'fiscal calamity.' Is the millionaires tax the answer?

The MBTA is facing 'fiscal calamity.' Is the millionaires tax the answer?
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Massachusetts businesses push back against ballooning unemployment taxes following COVID-related claims

Massachusetts businesses push back against ballooning unemployment taxes following COVID-related claims
Updated 6:15 PM;
A growing number of Massachusetts business owners who took solace in the passage of a bill promoting an unemployment tax rate freeze during the COVID-19 pandemic are sounding the alarm after seeing massive increases in their employee contribution rate on their state tax notices.
The Retailers Association of Massachusetts circulated a letter to Gov. Charlie Baker and lawmakers urging them to find a fix to close a $4 billion-plus deficit the state Unemployment Insurance Trust Fund faces by the end of the year. RAM President Jon Hurst, Massachusetts Restaurant Association President Bob Luz and 17 chamber leaders signed onto the letter. ....

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Tax breaks coming to Massachusetts businesses that received PPP loans after Beacon Hill leaders reach deal

Tax breaks coming to Massachusetts businesses that received PPP loans after Beacon Hill leaders reach deal
MassLive.com
3/9/2021
© Steph Solis | ssolis@masslive.com/masslive.com/TNS
Massachusetts State House
Legislative leaders have reached a deal on a bill that will free the unemployment insurance tax rate and extend tax relief on forgiven loans to small businesses in efforts to help Massachusetts businesses and their employees work through the COVID-19 pandemic.
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House and Senate leaders said in a statement Monday they agreed to freeze the unemployment insurance tax rate for 2021 and 2022 and adjust the state tax code on income taxes to extend tax relief corporations have gotten on forgiven Paycheck Protection Program loans to small businesses in Massachusetts. ....

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