Boston Business Leaders Back Tax-Cut Proposals for 2026

A coalition of Massachusetts business organizations is pushing for two new tax-relief proposals to appear on the ballot in the 2026 election, arguing the state’s high costs are undermining its economic competitiveness.

The leaders of the Massachusetts High Technology Council and the local chapter of the National Federation of Independent Business were among the first signatories on a measure announced on Wednesday that would gradually reduce the state income tax to 4% from the current rate of 5%. A separate proposal that the business groups, along with the Retailers Association of Massachusetts, are also supporting would limit how much tax revenue can be collected in any given year.