By Colleen Quinn, State House News Service / The Daily News
Before they opted not to take a single vote on the entire report, Michael Widmer, president of the Massachusetts Taxpayers Foundation, said he planned to vote against the final report, largely because of the graduated income tax recommendation.
“The problem with those proposals is they pose a larger tax on the very individuals who are making decisions about where to build their businesses, whether in Massachusetts or other states,” said Michael Widmer, a committee member and president of the Massachusetts Taxpayers Foundation. “The only solution to the dilemma facing Massachusetts is to create jobs, and this would undercut the creation of jobs and be counterproductive toward the overall goal of a more competitive Massachusetts economy.”
Many Massachusetts residents know that public pension liabilities pose a serious fiscal threat. The Massachusetts Taxpayers Foundation reminds everyone that the unfunded retiree health care liabilities of cities and towns, which now stands at $30 billion, is more than double the unfunded pension liability.