"It's a drop in the bucket," said Massachusetts Taxpayers Foundation President Eileen McAnneny. Using back-of-the-envelope math, McAnneny said the increase would add up to less than a dollar per driver.
While Cardarella's group was representing the collective outrage of the tech community, business organizations like the Massachusetts Taxpayers Foundation (MTF) and the Massachusetts High Technology Council were fighting on behalf of the effort. For the MTF, former president Michael Widmer was an early, vocal opponent of the tech tax.
By Andy Metzger, State House News Service / The Lowell Sun
Facing a midyear budget deficit, lawmakers and Gov. Charlie Baker in February rerouted those excess capital-gains revenues into the general fund. Massachusetts Taxpayers Foundation President Eileen McAnneny said fiscal 2015 capital-gains tax revenues have come in at about $1.6 billion, exceeding the amount anticipated from the February change.