THE SAUGUS ADVOCATE – FRIDAY, JULY 8, 2022 Page 7 Senior Advocacy Groups Urge Passage of Baker-Polito Tax Cuts to Support Older Adults B OSTON — 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 inflation, 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 alltime 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 fixed 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 inflation 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.” “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 benefits onto hundreds of thousands of hardworking taxpayers and help ensure the continued strength of the Massachusetts economy in Baker-Polito 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 signifi cant 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 TAX CUTS | SEE PAGE 8 PUBLIC AUCTION FRIDAY, JULY 15TH AT 1:00 PM MORTGAGEE’S SALE OF REAL ESTATE • MALDEN • 15 ROOM / 6 BEDROOM TWO FAMILY “DUPLEX STYLE HOME Malden, MA To Be Sold On The Premises FEATURES: • Two Family Duplex Style Home • • Total of (15) Rooms w/ (6) Bedrooms & (2) Bathrooms • • ±4,317 S/F of Area • Gas FWA Heat • Basement • • Clapboard Siding • Hardwood Floors • Public Water & Sewer • • Zoned: Residential A • Assessor’s Parcel ID: M:137, B:799, L:909 • Sale Per Order Of Mortgagee Attorney Keith K. Fuller 5300 Bigelow Commons, Enfield, CT Attorney For Mortgagee TERMS OF SALE: $10,000.00 Deposit Cash Or Certified Funds 5% Buyers Premium Applies Other Terms To Be Announced At Time Of Sale Aaron Posnik AUCTIONEERS • APPRAISERS West Springfield, MA • Philadelphia, PA 413-733-5238 • 610-853-6655 TOLL FREE 1-877-POSNIK1 • (767-6451) MA Auc Lic #161 • PA Auc Lic #AY000241L Web: www.posnik.com • Email: info@posnik.com LOCATED AT BUS STOP TO MALDEN T-STATION” 220 Lebanon Street
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