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The Boston Globe

Business

Economists split on wisdom of Patrick’s tax plan

Some cite promise for business; others see risk to growth

It’s Massachusetts’ version of the federal tax debate that bitterly divided Congress: Will tax increases of the kind recently proposed by Governor Deval Patrick help or hurt the local economy?

And much like the federal debate, economists disagree. Some support the governor’s plan, lauding it for creating jobs and making the state more attractive to businesses, while others object to raising taxes on the heels of federal tax increases.

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