Taxpayers for an Affordable Massachusetts provides fact-based context for the proposed income tax decrease from 5% to 4%

Boston, MA – Lots of voices are weighing in on the 2026 ballot question proposing to reduce the income tax from 5% to 4% over three years. This is an important debate — and it should be grounded in facts.

A family earning the average household income in Massachusetts would save approximately $1,300 annually once fully implemented. Allowing residents to retain more of their earnings strengthens household budgets, supports local economic activity, and directly affects Massachusetts’ ability to retain and attract talent in an increasingly competitive national environment.

Over the past seven years, state spending has increased by more than $20 billion — roughly 50% — outpacing both inflation and personal income growth. The proposal would phase in an estimated $2 billion reduction over three years within a budget that has grown substantially in recent years.

This measure does not alter the voter-approved “Millionaires Tax” or the education and transportation funding it provides.

Voters deserve a clear and fact-based discussion about fiscal priorities, the affordability crisis, economic competitiveness, and the long-term growth of the Commonwealth.