. @rooseveltinst's recent piece, "Bolstering State Economies by Raising Progressive Taxes," gets it right: "Tax increases, especially those that fall on the rich, are far less damaging than spending cuts." Read the full piece: https://rooseveltinstitute.org/wp-content/uploads/2020/07/RI_BolsteringStateEconomies_IssueBrief_072020.pdf

These findings echo the statement by over 90 #Massachusetts economists that raising progressive taxes to avoid budget cuts is good for economic recovery. https://scholars.org/features/over-90-economists-warn-mass-lawmakers-tax via @SSNScholars

Bringing the tax on corporate profits to pre-2010 levels would raise up to $500 mil/year, from profitable businesses. It would prevent harmful budget cuts, support racial and economic equity, and speed us toward a more robust recovery. Learn more: https://massbudget.org/reports/pdf/FactsAtAGlance_CITIncrease_FINAL_8-6-2020.pdf #COVID19