Ballot Questions: MTF Unveils Alternative Tax Cut Plan; Opposes Toll/Auto Excise Credit; Supports Charitable Deduction

MTF unveils a plan to cut the income tax rate to 5 percent in gradual steps tied to growth in the state's economy, an alternative to the Governor's ballot proposal to reduce the rate over three years. The Foundation also announced its opposition to the initiative petition to provide a dollar-for-dollar income tax credit for tolls and auto excise taxes, and its support for a third initiative that would establish a Massachusetts charitable deduction.