Massachusetts lawmakers are poised to vote on a tax relief deal that would increase tax credits for low-income people and families while also lowering taxes on short-term capital gains and inheritances and simplifying corporate income tax liability.
“It is the largest bipartisan legislative tax relief proposal in over a generation, and I think probably in everyone’s collective memory here,” Senate President Karen Spilka (D) said Tuesday during a press conference announcing the deal. “This tax relief bill will eliminate many, many financial burdens that our families, our seniors, our renters face and put real dollars in their pockets.”
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