Tax Cut Gets Majority Support Across Demographic Groups

The Mass Opportunity Alliance recently highlighted two big ideas that could boost the state’s competitiveness and address high cost of living concerns expressed time and time again by taxpayers. One in particular would reduce the state income tax rate from 5% to 4%. 

A recent poll of 1,000 Massachusetts voters shows they want a tax cut, regardless of income bracket, demographic group, or party affiliation. 

Voters in All Income Brackets Support a Tax Cut

Support for cutting the state income tax is strong across income brackets. In fact, seven out of ten voters earning less than $50,000 per year support the proposed rate reduction. For those earning more than $50,000 a year but under $100,000 per year, support rises only slightly to 75% of voters.

A similar share of Massachusetts voters believe cutting taxes would be financially beneficial for their families. Sixty-eight percent of voters earning less than $50,000 per year and 77% of voters earning less than $100,000 per year believe a tax cut would have a positive impact on their family’s finances.

Households Of All Kinds Say They Would Financially Benefit from a Tax Cut

Regardless of marital status or having children, a large majority of Massachusetts voters believe a tax cut would help them financially. When asked how the proposal could impact them, 73% of single adults without children said it would positively impact their finances, along with 74% of single parents, 79% of married adults without children, and 87% of married adults with children.

A Tax Cut Receives Overwhelming Bipartisan Support

Massachusetts voters across the political spectrum say a tax cut would help them financially, and at least two-thirds of voters irrespective of party support reducing the income tax rate.

A large majority of voters of all party affiliations say a tax rate cut would have a positive impact on their families’ finances: 72% of Democrats, 71% of Independents, and 87% of Republicans. Younger residents aged 18-34 are especially excited about a tax cut, regardless of their political party: 76% of 18-34 year old Democrats, 68% of 18-34 year old Independents, and 90% of 18-34 year old Republicans say a tax cut would benefit their family. 

Conclusion

Massachusetts taxpayers across the board are concerned about the state’s rising cost of living, including a heavy tax burden. A whopping 82% of Massachusetts voters said they believe their taxes are too high in a September 2024 voter poll. Of those who said their taxes are generally too high, the income tax was by far the worst offender.

It’s no surprise that proposals for relief have been met with resounding support across varying income brackets, family makeups, and political party leanings. In a world where costs are rising on all sides, ways to help workers and their families retain more of their hard-earned income are welcomed by all.

It’s time for Massachusetts to listen to their concerns and provide tangible relief for all taxpayers across the state.