That [$2 billion revenue] number has been contested in previous reports, with estimates from the Center for State Policy Analysis at Tufts University sitting around $1.3 billion.
“It’s mostly a quirk of the pandemic,” said Horowitz. “It’s a very weird economic time and laws written for normal economic times may go a little haywire.”
“I actually did some quick modeling of this and I think that, even with the millionaires tax, it’s much more likely that we return to the world where this law (almost) never matters,” Horowitz said.
Horowitz said legislative leaders should consider changing the formula attached to the 1986 law, or even suspending its implementation to avoid money going out in a “not very progressive way.”
Evan Horowitz, executive director of the Center for State Policy Analysis at Tufts University, said his rough calculations indicated allowable revenues would be $38.5 billion.
"I don’t expect unnecessary gamesmanship in the name of interfering with the legislative agenda...," said Evan Horowitz. "But he’s also not afraid to ask — in the name of his own stated preferences and beliefs — about what accomplishes the best policy."