Boston CEOs Warn Tax-Cut Proposal Would Make State Worse Off

An independent poll last month found that 58% of respondents support lowering the income tax, with 45% in strong support. — An independent poll last month found that 58% of respondents support lowering the income tax, with 45% in strong support.Photographer: Adam Glanzman/Bloomberg

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March 27, 2026 at 2:00 PM UTC

Updated on

March 27, 2026 at 4:08 PM UTC

Massachusetts business leaders have long pushed for tax relief.

Now, as voters prepare to decide whether to cut the income tax, some of those same voices warn the proposal could leave the state with deep budget holes and new pressure on business.