The Education Initiative - the proposal for a 2 percent margins tax on larger businesses to raise $800 million for K-12 education - will be on the ballot in November. Already both sides are arguing about whether this will be a serious drag on business and economic growth or whether this is a tax that businesses can afford to pay. A report commissioned by the Coalition To Defeat the Margin Tax Initiative argues that the rate is too high and will be a drag on business. It also criticizes the drafting, which, it says, does nothing to ensure that the money the tax raises would be spent on education. So is this a dangerous tax or a necessary boost to education spending?