The no-on-1 side was our podcast today. Speaking against Question 1 on the Nov. ballot in Massachusetts, Michael J. Widmer explained why eliminating personal income taxes here would be terrible.
The initiative would cut the 5.3% personal income tax in half in January 2009 and eliminate it entirely the next year. Taxpayers would appreciate over $3,000 more cash. The commonwealth would lose up to 39% of its revenue.
Widmer is president of the Massachusetts Taxpayers Foundation, a non-profit, non-partisan research group that studies public finance and government.Â He frames the much more complex reasons and arguments against the ballot measure.
Listen in as he explains what he sees happening if this passes.Â Check back here shortly for a link to the study his group is about to release on the subject. Then listen in next week, 10/7, when a leading proponent of the initiative, Carla Howell of the Committee for Small Government presents a very different view.
Finally hold on to the end of this podcast when Ryan, Lynne and Mike mix it up with strong, differing opinions on the huge financial crisis.