Massive federal budget cuts (to fund Trump’s tax cuts for billionaires and big corporations) are triggering a major healthcare, hunger, and education crisis in Massachusetts.
This month, more than 337,000 Massachusetts residents are experiencing skyrocketing health insurance costs due to the loss of federal healthcare subsidies. And another 34,000 lawfully present immigrants with incomes below 100% of the federal poverty level lost access to their state-subsidized Connector Care Type 1 plans entirely, leaving them without access to affordable healthcare coverage.
In addition, up to 350,000 people in MA risk losing healthcare & food assistance due to massive cuts to Medicaid and SNAP
MA is set to lose as much as $3.5 billion in federal aid — blowing a massive hole in the state budget
Federal cuts to PreK-12 schools, colleges, and childcare could hurt more than 1 million students.
Unless we act, these cuts will harm us all.
Massachusetts can prevent these devastating budget cuts by rejecting state-level adoption of the Trump corporate tax cuts, making billionaire global corporations like Apple, Amazon, McDonalds, & Walmart pay their fair share in state taxes, and tapping the state’s $8.6 billion rainy day fund. Together, these three changes would raise or protect more than $2 billion in essential revenue that will allow Massachusetts to safeguard our state’s families from federal attacks.
Global mega-corporations conceal their profits in offshore tax havens to avoid paying their fair share in Massachusetts taxes. Offshore tax dodging also gives them an unfair advantage over local businesses, which can’t hide their profits offshore. We pay our taxes — why shouldn’t they pay theirs?
Let’s stop the cuts and protect our care by making billionaire global corporations pay their fair share!
Rejecting Trump’s Corporate Tax Cuts in MA: The Raise Up Massachusetts coalition is calling on state leaders to opt out of, or “decouple” from, state-level adoption of the five most costly and regressive corporate tax provisions of the new federal tax law, in order to preserve $463 million in state revenue in the current FY26 budget alone, and an additional $990 million from FY27 through FY31. These specific tax changes are not an effective way to incentivize companies to invest in Massachusetts; instead, they would largely reward corporations for investments made in other states and for investments already made as far back as tax year 2022.
Only about half of states automatically adopt federal corporate tax changes into their own tax codes. Many of these “rolling conformity” states are moving to actively decouple from some or all of the corporate tax changes included in OBBBA. More than half a dozen states with rolling conformity already have opted out of some or all of the federal corporate tax changes in the OBBA, including California, Colorado, Illinois, Maine, Michigan, Pennsylvania, and Rhode Island, as well as the District of Columbia. Massachusetts should join them.
Combatting Offshore Corporate Tax Avoidance: The federal government uses a system known as NCTI (formerly GILTI), to tax the US-generated profits that large global corporations stash in offshore tax havens. But Massachusetts is not taking full advantage of this simple, proven method of ensuring that billionaire global corporations pay their fair share in state taxes. Massachusetts currently only includes 5% of NCTI when calculating the total corporate income subject to the state’s 8% corporate income tax rate, while the federal government and most New England and Mid-Atlantic states, including New Hampshire, Rhode Island, Vermont, and Maine, include 50-60% of NCTI in their calculations. That means we’re vastly undercounting the profits that multinational corporations are artificially shifting overseas.
Raise Up Massachusetts' Corporate Fair Share proposal would simply increase the share of NCTI (the profits that multinational corporations have shifted to offshore tax havens) that are included in Massachusetts corporate tax calculations from 5% to 50%. This would align us more closely with the federal government and other states, and raise over $400 million in new annual revenues. The proposal is filed as legislation in the State House of Representatives by Representative Carlos González (H.3110) and in the State Senate by Senators Jason Lewis and Liz Miranda (S.2033), and backed by a majority of state legislators in the House and Senate.
Tapping the State’s Rainy Day Fund: Raise Up Massachusetts is also advocating for the state to tap a reasonable portion of its more than $8.6 billion rainy day fund in response to federal budget cuts, as the fund was built up for exactly this type of emergency. "To replace the state and local loss of federal funds" is explicitly listed as one of the three purposes of the Commonwealth Stabilization Fund, and while credit ratings agencies like S&P Global Ratings want states to maintain 8% of their annual budget in a reserve fund in order to receive the highest possible bond rating, Massachusetts’ $8.6 billion rainy day fund currently sits at more than 14% of our $60.9 billion annual state budget.
Tapping a reasonable portion of these reserves — say, 15%, or roughly $1.3 billion — would still leave a large balance for future economic downturns, and the coalition’s Corporate Fair Share proposal would also raise significant new revenue to help ensure the state’s financial stability in future years.
It’s time to prioritize the people of Massachusetts over multinational corporations’ profits. By standing up to corporate power, Massachusetts can level the playing field for local businesses and adequately fund the public services we all rely upon.