Next November, voters will decide whether Massachusetts’ highest earners should pay more in state taxes. The so-called “millionaire’s tax plan” would mean an extra 4% tax on any earnings over one-million dollars and that’s on top of the 5.1% rate we already have. Supporters say it would raise around two-billion dollars more for transportation and educational initiatives in the state, but opponents argue it could do more harm than good to our local economy.
Dan Wolf, founder and CEO of Cape Air and a former democratic state senator, and Chris Anderson, president of the Mass High Tech Council, join Jim Braude to discuss the affect it could have on the state.
