Millionaire's tax revenue and economic concerns

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Business leaders, investors and academics have cheered Massachusetts Governor Maura Healey’s efforts to counter the Trump administration’s research funding cuts with state money — so much so that a recent meeting on the initiative required overflow seating. Healey, a Democrat, in July proposed funneling $400 million to institutions affected by the federal pullback.
Half of the money in Healey’s proposal would come from revenue raised by the state’s millionaire’s tax and would be reserved for the University of Massachusetts and other public colleges, while the rest could go to hospitals and private schools such as Harvard University.
She’s also seeking to establish a separate fund with contributions from philanthropists and private investors. The funds are meant to be a Band-Aid to help protect the universities and medical organizations that form the backbone of the Massachusetts economy. Healey sees the bill not only as a lifeline for life-saving therapies, but also as a way to retain the research talent that’s made Boston a global hub for the health-care industry.
Today's show features interviews conducted during a special broadcast from Boston Children's Hospital:

• Bloomberg News Boston Money and Power Reporter Greg Ryan on a Massachusetts proposal to funnel $400 million to institutions affected by the federal pullback in research funding, Boston’s biotech real estate slump and other key regional issues
• Dr. Joan LaRovere, Chief Medical Officer of Boston Children’s Hospital, on why research and innovation are central priorities for the nation’s leading medical institutions
• Dr. Lissa Baird, Director of Neurosurgical Oncology and Co-director of the Brain Tumor Center at Boston Children’s Hospital, on leading one of the world’s most advanced pediatric neurosurgery programs
• Dr. Ellen Grant, Director of Fetal-Neonatal Neuroimaging and Developmental Science at Boston Children’s Hospital, on the unmet needs to help treat women’s neurological health issues from migraines to autoimmune disorders to perinatal mental wellness
• Dr. Martha Murray, Orthopedic Surgeon-in-Chief for Boston Children’s Hospital, on how she helped transform the treatment of ACL tears by pioneering an innovative, FDA-approved surgical procedure that promotes a more natural healing of ligament tears, an injury most common in teen girls and young women

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