Boston Globe: Baker’s Position on Taxes Is Great for the Wealthy, and Not Many Others
media mentionIn fact, many in Massachusetts have been taxed more than enough. Those in the lowest 20 percent of personal income pay more than twice as high a share to state and local taxes than those in the top 1 percent, according to the Institute for Taxation and Economic Policy. Add in the state’s growing reliance on take-from-the-poor and give-to-everyone-else gambling revenue, and you have fertile territory for change.
And there’s another reason. Standard & Poor’s, hardly a left-wing think tank, is on board: With “rising income inequality, the move toward more progressive tax rates may help states generate faster tax revenue growth than would flatter tax regimes.’’