Business realities weighed heavily in Shumlin’s retreat. His experts calculated the state would need an 11.5 percent payroll tax and an additional income tax of up to 9.5 percent. That’s California-style taxation. “My health-care costs would have gone up by 61 percent if that plan had gone through,” Win Smith, the owner of the Sugarbush ski resort, told reporters. “If there were that 9 percent [income tax] on employees, many would have been paying more than they’re paying now. It would have been a lose-lose.” Shumlin admitted it would be irresponsible for him to be “pushing prematurely for single-payer” when “the risk of economic shock is too high at this time.”
This entry was published Mon Dec 22 09:29:25 CST 2014 by TriggerFinger and last updated 2014-12-19 10:29:25.0. [Tweet]
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