Tax cut details can be found below. It covers a lot of ground, and it's not clear where the absolute dollar amount savings are across each of the cuts, but note there are line items that will disproportionately help higher income individuals (capital gains and estate tax relief) and others that are probably felt most by low income individuals (child and family tax credits increase, rental deduction, low income housing tax credit). And who could forget the targeted relief to cider and dairy manufacturers? In any case, the net revenue from the millionaire's tax does need to be considered in view of this much broader set of cuts, some of which will provide relief to those who are paying the new 4% marginal rate.
$1 billion in tax cuts includes savings for seniors, businesses, renters, and the most generous Child and Family Tax Credit in the country
www.mass.gov