Page 10 THE REVERE ADVOCATE – FRIDAY, JULY 8, 2022 Senior Advocacy Groups Urge Passage of Baker-Polito Tax Cuts to Support Older Adults BOSTON – Last week, several advocacy organizations representing older adults in Massachusetts urged passage of the Baker-Polito Administration’s comprehensive tax relief plan. The Administration’s proposal would provide $700 million in tax relief to support those most impacted by rising prices and infl ation, such as seniors on fi xed incomes, renters and residents who care for older adults or children. State tax revenues continue to dramatically overperform expectations, with a recent deposit of $2 billion deposit of excess capital gains revenue into the Stabilization Fund leading to an all-time high balance of $6.6 billion. Even with that historic deposit, the Commonwealth is on track for a signifi cant surplus at the end of the fi scal year, and the advocacy organizations today urged legislative action to give some of that surplus back to taxpayers. “Older adults, many of whom are on fi xed incomes, have been especially hard-hit by infl ation and rising prices, and our tax cut plan would provide meaningful relief for seniors and their families,” said Governor Charlie Baker. “With state tax revenues continuing to come in far above benchmark, state government can more than aff ord to give seniors and other residents hurt by infl ation a tax break. We hope our colleagues in the Legislature will join us to enact these tax cuts which would help those who are hardest hit by these tough times.” “Infl ation and rising prices are impacting everyone in Massachusetts, but especially seniors on fi xed incomes,” said Lt. Governor Karyn Polito. “Our tax cut plan takes advantage of Massachusetts’ large expected surplus and targets relief to populations and communities who have been hardest-hit by both the pandemic and ongoing economic pressures.” 425r Broadway, Saugus Located adjacent to Kohls Plaza Route 1 South in Saugus at the intersection of Walnut St. We are on MBTA Bus Route 429 781-231-1111 At this time, the state requires everyone to wear masks We are a Skating Rink with Bowling Alleys, Arcade and two TV’s where the ball games are always on! PUBLIC SKATING SCHEDULE 12-8 p.m. Sunday Monday Tuesday $9.00 Price includes Roller Skates Rollerblades/inline skates $3.00 additional cost Private Parties 7:30-11 p.m. $10.00 Price includes Roller Skates Adult Night 18+ Only Wednesday Thursday Friday Everyone must pay admission after 6 p.m. Private Parties Private Parties 4-11 p.m. Saturday 12-11 p.m. $9.00 $9.00 Everyone must pay admission after 6 p.m. Sorry No Checks - ATM on site Roller skate rentals included in all prices Inline Skate Rentals $3.00 additional BIRTHDAY & PRIVATE PARTIES AVAILABLE www.roller-world.com 419 BROADWAY, EVERETT MA 02149 Member FDIC Member DIF “The Commonwealth remains in a historically strong fi scal position and has ample resources to continue investing in critical areas of need, while also implementing important tax relief measures for everyone in Massachusetts – particularly seniors,” said Secretary of Administration and Finance Michael J. Heff ernan. “We look forward to working with the Legislature over the coming weeks to pass these benefi ts onto hundreds of thousands of hardworking taxpayers and help ensure the continued strength of the Massachusetts economy in the long-term.” “At no time in our history has the Commonwealth had such excess revenue,” said Mike Festa, State Director, AARP Massachusetts. “Since Governor Baker fi led these proposed reforms on January 27, 2022, we have seen very significant revenue surpluses. AARP strongly urges action now. Measures such as tax credits and other fi nancial assistance, or both, to Massachusetts’ 844,000 family caregivers; doubling the maximum Senior Circuit Breaker Credit; and increasing the rental deduction cap help lower and middle-income residents and their families achieve increased health and fi nancial security and facilitate their ability to age in their own home and community. In addition, we continue to urge legislators to use some of the excess state revenue to provide a family caregiving tax credit.” “The Mass Councils on Aging encourages the Legislature to act now, and pass measures that can achieve greater economic security and well-being for seniors such as doubling the maximum Senior Circuit Breaker Credit which will allow many seniors to remain in their homes and maintain the essential and in many cases, life-long connections they have built in their communities and will help to improve their economic security,” said Betsy Connell, Interim Executive Director of the Massachusetts Association of Councils on Aging. TAX | SEE Page 15 We don’t just make deals. We make it happen.
11 Publizr Home