Economists split on wisdom of Patrick’s tax plan
The Boston Globe - 01/22/2013
It’s Massachusetts’ version of the federal tax debate that bitterly divided Congress: Will tax increases of the kind recently proposed by Governor Deval Patrick help or hurt the local economy?
And much like the federal debate, economists disagree. Some support the governor’s plan, lauding it for creating jobs and making the state more attractive to businesses, while others object to raising taxes on the heels of federal tax increases.
“I think it’s really positive in terms of the impact it will have,” Northeastern University economist Alan Clayton-Matthews said of Patrick’s proposal, citing the benefits of a better-educated workforce.