In the Media

In an opinion piece for The Boston Globe, Prof. Jonathan Gruber discusses Massachusetts’ Question 5, the proposed tax rebate rule that would mandate that taxes be returned to taxpayers each time the state’s revenues grow faster than wages and salaries. “Most economists believe a recession is coming but we can’t say when. The best way to plan is to have the savings to help us through, or to invest so that we are as strong as possible when it hits,” writes Gruber. “Question 5 chooses the third path — spending the money now, and letting the state suffer in the future.”