Boston Business Leaders Back Tax-Cut Proposals for 2026.

The article discusses a coalition of Massachusetts business organizations advocating for two tax-relief proposals to be included on the 2026 election ballot, citing concerns over the state's high costs affecting economic competitiveness. The proposals include reducing the state income tax from 5% to 4% and capping annual tax revenue growth based on wage increases, with any excess refunded to taxpayers. Support for these measures is strong among residents, with a poll indicating that three-quarters favor an income tax cut and a similar percentage supports the revenue cap. The article also notes that Massachusetts' tax climate has worsened over the past decade, prompting calls for reform from business leaders. [Extracted from the article]