“We’re in a housing crisis, and we have this great program that can create a lot of housing units,” said Evan Horowitz, the report’s author. “But we’re not taking full advantage.”
Adam Reilly talks with GBH News State House correspondent Katie Lannan and Evan Horowitz of Tufts University's Center for State Policy Analysis about the challenges of fiscal policymaking at a moment of intense uncertainty.
He said he’s surprised at just how much chatter he’s hearing about people wanting to leave. “A lot of it is gossip and it’s too early to have hard data,” he said. “But the gossip is super interesting and revealing in some way.”
“It’s the first month that all the weirdness of COVID was flushed out of the tax system,” Horowitz said. The revenue drop, he added, is a “reminder that the unusual times we’ve been living through were quite unusual.”
“There are some tax cuts that help wealthy people that are also good for competitiveness. And then there are some tax cuts that just help wealthy people, and these are closer to the latter,” said Horowitz.
“Sometimes tax cuts that benefit wealthy people also are important for competitiveness. Sometimes they’re not — they’re just tax cuts that benefit wealthy people,” he said.
“It’s probably best to think of this as the beginning of a long, cat-and-mouse game of tax avoidance that high earners will be playing against the state for decades to come,” warned Horowitz.
Evan Horowitz, the executive director of the Center for State Policy Analysis at Tufts University, told lawmakers it would be “safe and sensible” to budget for $750 million to $1 billion in high income tax revenue next year.
"There aren't great big initiatives that he drove," Horowitz said. "And the ones where he really seemed to try to stamp with his imprimatur didn't thrive."