“Under the Dome” offers a recap.
The governor’s income tax hike proposal is different from the one that generated this projection of 2,800 lost jobs in the private sector, but the concept is the same. Higher marginal rates discourage entrepreneurs from making the investments that create jobs.
As for the sales tax, it will be interesting to see whether those who consider themselves champions of the poor will go along with a regressive tax that undoubtedly hits hardest those who have the least ability to pay.
