The new revenue: But since the tax cuts were relatively small, the revenue taxpayers saved was "vastly less" than the roughly $700 million in additional annual revenue the foundation estimates was raised because of other measures Romney signed, according to Michael Widmer, the foundation's president.
“It’s consistent with our general sense of the slowly, very slowly, improving Massachusetts economy, and housing with it,” said Michael Widmer, president of the nonpartisan, business-backed Massachusetts Taxpayers Foundation.
By Kyle Cheney, The Lynn Item / State House News Service
"The job picture is much more sobering than it was six months ago, which will only place further pressure on the already strained state finances," said Michael Widmer, president of the Massachusetts Taxpayers Foundation. "As a result, we are seeing greater demand for state programs while experiencing slower revenue growth."
