Massachusetts Economists' Statement in Support of Investments in Transportation and Education Financed by Progressive Taxes

Maintaining and expanding an efficient, sustainable transportation system is critical for Massachusetts businesses and the state's workforce. Similarly, in the global economy, the Commonwealth's most important competitive advantage lies in its skilled and educated workforce. But, years of budget cuts and erosion in the income tax have left the Commonwealth underinvesting in physical and human infrastructure threatening Massachusetts' future economic growth and prosperity.

Governor Patrick has proposed addressing the challenges of maintaining and improving transportation infrastructure and increasing the potential productivity of our future workforce through increased investments in education, from pre-school through higher education.

As economists, we believe that these investments are critical to improving the long-term economic strength of our state. We also realize that these goals cannot be attained without additional state revenue. As such, we support increasing personal income tax revenue because it is the most equitable and effective way to raise the sizeable funds needed.

In the short term, government investment coupled with increased taxes will boost overall economic growth as lower after-tax individual income resulting from higher taxes will be more than offset by higher public investment spending in the Commonwealth. Over the long term, these investments will increase state economic growth and well-being through increasing the productivity of our workers, lowering business costs and the personal cost of living, and attracting private investment that seeks a well-educated workforce and transportation infrastructure that works.

Randy Albelda University of Massachusetts Boston
Jack AmariglioMerrimack College
Michael AshUniversity of Massachusetts Amherst
M. V. Lee BadgettUniversity of Massachusetts Amherst
Deepankar BasuUniversity of Massachusetts Amherst
Carole BiewenerSimmons College
Barry Bluestone Northeastern University
James BoyceUniversity of Massachusetts Amherst
Robert BucheleSmith College
Jim CampenUniversity of Massachusetts Boston
Michael CarterUniversity of Massachusetts Lowell
Alan Clayton-Matthews Northeastern University
James Crotty University of Massachusetts Amherst
Anita DancsWestern New England University
Peter Diamond MIT
Peter Doeringer Boston University
Gerald Epstein University of Massachusetts Amherst
Kade FinnoffUniversity of Massachusetts Boston
Nancy Folbre University of Massachusetts Amherst
Gerald FriedmanUniversity of Massachusetts Amherst
Heidi Garrett-PeltierUniversity of Massachusetts Amherst
Daniel GeorgiannaUniversity of Massachusetts Dartmouth
Michael Goodman University of Massachusetts Dartmouth
Neva GoodwinTufts University
Jon GruberMIT
Carol E. HeimUniversity of Massachusetts Amherst
Michael P. JohnsonUniversity of Massachusetts Boston
Rajani Kannnepalli KanthHarvard University
Marlene KimUniversity of Massachusetts Boston
Thomas Kochan MIT
Charalampos KonstantinidisUniversity of Massachusetts Boston
Catherine Lynde University of Massachusetts Boston
Arthur MacEwan University of Massachusetts Boston
Julie MatthaeiWellesley College
John MillerWheaton College
Fred MoseleyMt. Holyoke College
Philip Moss University of Massachusetts Lowell
Robert Nakosteen Isenberg School of Management at UMass Amherst
Julie NelsonUniversity of Massachusetts Boston
Laurie NisonoffHampshire College
Paul Osterman MIT
Richard ParkerHarvard University
Prasannan ParthasarathiBoston College
Karen PfeiferSmith College
Robert Pollin University of Massachusetts Amherst
James B. Rebitzer Boston University
Helen ScharberHampshire College
Juliet Schor Boston College
Barry ShelleyOxfam America
Peter SkottUniversity of Massachusetts Amherst
Bryan SnyderBentley University
Peter SpieglerUniversity of Massachusetts Boston
Mary Huff StevensonUniversity of Massachusetts Boston
Andrew Sum Northeastern University
Robert TannenwaldBrandeis University
David Terkla University of Massachusetts Boston
Christian Weller University of Massachusetts Boston
Jennette Wicks-Lim University of Massachusetts Amherst
Brenda WyssWheaton College
Andrew ZimbalistSmith College

Affiliations are listed for identification purposes only and indicate no commitment on the part of the affiliations themselves.