... Revenue tailspin not strong enough to require corrected budget submission, Baker team says ...... Increase over first two weeks of June leaves tax revenues up 1.4 percent with two weeks left in fiscal year ...... Senate sends "amend and improve" bill to pot talks with the House ...... On pot, it's House's repeal-and-replace bill versus Senate's amend-and-improve proposal ...... Workforce development will be focus of $500 mil life sciences investment, Baker says ...... Baker: there's a "whole series of initiatives" to address fiscal 2017 revenue shortfall ...... Baker signs bill authorizing Somerville to borrow up to $50 mil to pay for costs of Green Line Extension ...... Unemployment rate rises for fifth straight month, state officials say labor force growing ...... ...
Latest Headlines:
House:
ADJOURNED 'til Friday at 11 a.m. (informal)
Senate:
ADJOURNED 'til Friday at 11 a.m. (w/out calendar)

ANALYSIS EXPLORES IMPACT, COST OF SENATE EITC PLAN

The Senate is expected Thursday to consider an expansion of the earned income tax credit that would have increased the maximum family credit by $313 had it been in effect this year,, according to budget analysts.

The economic development bill (S 2423) redrafted by the Senate Ways and Means Committee calls for a 5 percentage-point increase in the EITC that would expand the credit from 23 percent to 28 percent of the federal credit, benefiting 415,000 families by about $300 in taxes per year according to the committee.


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