Word: clt
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...speakers also stated their differences on a proposed tax plan sponsored by Citizens for Limited Taxation (CLT), which would roll back the state's taxes to 1988 levels...
Pierce said the CLT proposal is necessary because otherwise legislators will raise taxes uncontrollably and will worsen the state's already large budget deficit. "If [CLT] is defeated, it will be a ratification of all that's gone on for the past years," he said...
...Tsongas said the CLT proposal would deprive the state of essential funds for social programs...
...Citizens for Limited Taxation Referendum which, if passed, would mean absolute destruction for the state. It is a cruel and heartless piece of legislation that would cut programs for the elderly, the homeless, students and the environment, to name only a few examples. (Silber's opponent supports the CLT petition...
...three economists and 11 other academic experts--including 1987 Nobel Prize recipient Robert Solow '44 and 1970 prize winner Paul A. Samuelson, both of the MIT, and Harvard economist John Kenneth Galbraith--have signed a position paper saying the CLT proposal would severely damage the state's economic foundation by hurting Massachusetts' education system...