From the State House News Service in the Berkshire Eagle:
BEACON HILL INSTITUTE
Forecasted fiscal 2019 growth: $690 million or roughly 2.8 percent
Paul Bachman of the Beacon Hill Institute said revenue growth has slowed down dramatically over the past few years, a situation he called "a little bit puzzling" given the 70,000 jobs created in the past year. But he said personal income growth has also slowed dramatically -- falling to 0.9 percent in the fourth quarter of 2016 after having been over 5 percent in earlier quarters — and now may be on track for a rebound.
"That's what's driving the less than robust tax revenue collections," he said.
Showing posts with label Beacon Hill Institute. Show all posts
Showing posts with label Beacon Hill Institute. Show all posts
Thursday, December 7, 2017
Wednesday, May 20, 2015
Co-hosted Atlas Network event a success; Learning the threats to Mexico's reform movement
Thanks to all those who attended Monday's special event at the Park Plaza Hotel with Armando Regil, the Founding President of the IPEA, Institute of Strategic Thinking Agora in Mexico. Co-hosted with the Atlas Network the event drew more than 25 liberty-minded individuals who heard Regil tell how he established a market-oriented think tank in a virtual one party state of Mexico. Regil's work is hard but he's determined to get reform front and center in Mexico, which has long been plagued with governance problems including the collateral damage of the war on drugs and crony capitalism. Regil's success has been based on his insistence that civil society -- life outside of the State-- be respected and nurtured so that citizens can build the market institutions vital for prosperity.
We look forward to working with the Atlas Network and the very capable Brittany Cobb,Development and Events Manager in the future.
We look forward to working with the Atlas Network and the very capable Brittany Cobb,Development and Events Manager in the future.
Friday, October 3, 2014
BHI work cited in Campaign 2014
BHI's work on labor market reform and interstate competitiveness has drawn the attention of office-seekers far and wide. Safe to say both parties like us. After all, the work speaks for itself.
Wednesday, June 15, 2011
Paul Bachman talks up BHI's recent study on education spending on Patriot Games Radio
Director of Research, Paul Bachman discusses BHI's recent study on education spending and student performance with D.R. Tucker and Stephanie Davis of Patriot Games Radio.
Listen to internet radio with Patriot Games Radio on Blog Talk Radio
Thursday, July 16, 2009
Introducing the sociological imagination.
Josh McCabe, former BHI intern, has a new blog, The Sociological Imagination that will try to drag both economists and sociologists closer to each other.
Josh McCabe is a first year PhD student at the State University of New York at Albany where I'm sure he'll drag his teachers closer to the world of Austrian economics.
Hat tip: Organizations and Markets
Josh McCabe is a first year PhD student at the State University of New York at Albany where I'm sure he'll drag his teachers closer to the world of Austrian economics.
Hat tip: Organizations and Markets
Wednesday, November 19, 2008
New Hampshire's Falling Competitiveness
New Hampshire is a prime example of what Dr. Haughton warned against today in his presentation of the BHI Competitiveness Report. Complacency.
The sixth annual report, released in 2006 ranked NH #3.
The seventh annual report, from 2007, ranked NH #9.
The eighth annual report, released today, dropped NH to #17 overall.
In an apparent attempt to reverse this trend, the state, along with private donors, if offering Massachusetts business owners who are considering moving their company to NH promotional tours.
The NH state government could affect the "live free or die" state's ability to attract and retain business and to provide a high standard of living for its residents over the long run by considering where they have relative disadvantages according to our competitiveness report. By making the state more attractive to business, the state would not need gimmicks to lure business owners.
In 4 different areas, NH ranks in the bottom 10:
The sixth annual report, released in 2006 ranked NH #3.
The seventh annual report, from 2007, ranked NH #9.
The eighth annual report, released today, dropped NH to #17 overall.
In an apparent attempt to reverse this trend, the state, along with private donors, if offering Massachusetts business owners who are considering moving their company to NH promotional tours.
"They will be picked up at the border in a limo, whisked away to lunch, and offered hockey or skiing tickets and a night's stay in an upscale Nashua hotel...A business recruiter will pitch New Hampshire's perks over lunch before taking the business owner to visit potential relocation sites."(HT: Nashua Telegraph)
The NH state government could affect the "live free or die" state's ability to attract and retain business and to provide a high standard of living for its residents over the long run by considering where they have relative disadvantages according to our competitiveness report. By making the state more attractive to business, the state would not need gimmicks to lure business owners.
In 4 different areas, NH ranks in the bottom 10:
- Workers’ compensation premium rates: 46th
- Crime index change 2006-2007, %: 43th
- Electricity prices per million BTU: 44th
- Science & Engineering grad. students 100,000 inhabitants: 41th
Monday, November 17, 2008
State Competitiveness Report
On Wednesday, November 19th, at 9:30 AM the Beacon Hill Institute will present its Eighth annual State Competitiveness Report at the Suffolk University Law School, 120 Tremont St, Boston.
Mass. Governor Deval Patrick will open the event, followed with a summery of the findings by Johathan Haughton, BHI senior economist and lead author of the report. A panel discussion will follow consisting of Greg Bialecki, Massachusetts Undersecretary for Business Development, John Regan, Vice President of the Associated Industries of Massachusetts, and Michael George, CEO of OatSystems, Inc.
The report measures a states ability to attract and retain business and to provide a high standard of living for its residents over the long run.
For prior Competitiveness Reports see the Beacon Hill Institute Website
Mass. Governor Deval Patrick will open the event, followed with a summery of the findings by Johathan Haughton, BHI senior economist and lead author of the report. A panel discussion will follow consisting of Greg Bialecki, Massachusetts Undersecretary for Business Development, John Regan, Vice President of the Associated Industries of Massachusetts, and Michael George, CEO of OatSystems, Inc.
The report measures a states ability to attract and retain business and to provide a high standard of living for its residents over the long run.
For prior Competitiveness Reports see the Beacon Hill Institute Website
Tuesday, October 28, 2008
Panel Discussion Video
I am proud to present the the October 21st Panel Discussion on the Federal Financial Bailout co-hosted by BHI video!
It is in .mov format, so Quicktime is required.
Moderated by Professor Haughton, the panel discusses different economic aspects of the current financial crisis, including who is to blame, details of the "Bailout Bill" and the roots of the crisis.
Panelists included:
Running time is about 90 min.
It is in .mov format, so Quicktime is required.
Moderated by Professor Haughton, the panel discusses different economic aspects of the current financial crisis, including who is to blame, details of the "Bailout Bill" and the roots of the crisis.
Panelists included:
Lynn E. Browne, Executive Vice President, Federal Reserve Bank of Boston
Kevin M. Cuff, Executive Director, Massachusetts Mortgage Bankers Association
Henry Kim, Associate Professor of Economics, Suffolk University
Jeffrey Miron, Senior Lecturer in Economics and Director of Undergraduate Studies, Harvard University
Running time is about 90 min.
Friday, October 24, 2008
BHI Releases Question 1 Study
On Tuesday BHI released a new study on the impacts that Question 1 would have on state residents. The majority of the current research on the effects of the elimination of the state personal income tax looks at an all or nothing case, with both sides arguing that the others vote would lead to lower economic outcomes.
The real world, especially politics, rarely operate with black or white but more often gray areas. Using this rational we examined cases where the Commonwealth could cut line-item spending to that of comparable states, thereby supplying the same amount of services of states such as New Hampshire, Colorado and Texas and increasing other taxes. This template could be used by the legislature to get though the income tax elimination, should voters support the ballot measure, and expand the economy.
The cuts in service to comparable states levels accounted for 70% of the lost income tax revenue. The remaining 30% is made up thought cost cuts (amending the state Prevailing Wage Law) and higher sales and property taxes.
These adjustments would enable the economy of Massachusetts to grow by 80k jobs and increase disposable income per household by $1,461.
The real world, especially politics, rarely operate with black or white but more often gray areas. Using this rational we examined cases where the Commonwealth could cut line-item spending to that of comparable states, thereby supplying the same amount of services of states such as New Hampshire, Colorado and Texas and increasing other taxes. This template could be used by the legislature to get though the income tax elimination, should voters support the ballot measure, and expand the economy.
The cuts in service to comparable states levels accounted for 70% of the lost income tax revenue. The remaining 30% is made up thought cost cuts (amending the state Prevailing Wage Law) and higher sales and property taxes.
These adjustments would enable the economy of Massachusetts to grow by 80k jobs and increase disposable income per household by $1,461.
Thursday, July 10, 2008
Freedom Fest
"The World's Largest Gathering of Free Minds" is currently taking place in Las Vegas, Nevada. Freedom Fest is an annual conference dedicated to bringing the leading free market intellectuals together for discussion and debate.
The theme of this year's conference is "8 Great Debates in '08?", headlined by a debate between New York Times bestselling authors Christopher Hitchens and Dinesh D'Souza. However, an intriguing undercard match-up pits Cato Tax Policy specialist Daniel Mitchell debating our own Dr. David Tuerck, Executive Director of the Beacon Hill Institute. The two men will debate "Flat Tax vs. Fair Tax."
The Beacon Hill Institute has already done extensive research on the Fair Tax. Several of our reports can be found here.
World Net Daily will provide daily coverage of the event.
The theme of this year's conference is "8 Great Debates in '08?", headlined by a debate between New York Times bestselling authors Christopher Hitchens and Dinesh D'Souza. However, an intriguing undercard match-up pits Cato Tax Policy specialist Daniel Mitchell debating our own Dr. David Tuerck, Executive Director of the Beacon Hill Institute. The two men will debate "Flat Tax vs. Fair Tax."
The Beacon Hill Institute has already done extensive research on the Fair Tax. Several of our reports can be found here.
World Net Daily will provide daily coverage of the event.
Thursday, June 19, 2008
Wednesday, June 18, 2008
Welcome!
Welcome to BHI's new and improved blog, where you can find commentary on the current issues related to the institute's research agenda.
Grounded in the principles of limited government, fiscal responsibility and free markets, The Beacon Hill Institute at Suffolk University produces vital economic research accessible to voters, taxpayers, opinion leaders and policy makers.
The opinions expressed on this blog by individual writers do not necessary represent the views of the Beacon Hill Institute nor those of Suffolk University but they do intend to foster new thinking on the major public policy issues facing the Commonwealth of Massachusetts and other states. To learn more about the institute and its work dating back to 1991 visit www.beaconhill.org.
Grounded in the principles of limited government, fiscal responsibility and free markets, The Beacon Hill Institute at Suffolk University produces vital economic research accessible to voters, taxpayers, opinion leaders and policy makers.
The opinions expressed on this blog by individual writers do not necessary represent the views of the Beacon Hill Institute nor those of Suffolk University but they do intend to foster new thinking on the major public policy issues facing the Commonwealth of Massachusetts and other states. To learn more about the institute and its work dating back to 1991 visit www.beaconhill.org.
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