I was in Massachusetts for a long weekend that ended last night and this was quite the topic on the conservative talk shows. The idea was derided. The one valid point I thought the blowhards made was that Massachusetts is quite an expensive place to live, particularly Boston plus the inner and outer suburbs. That there are high taxes goes without saying. At least in [declining] upstate New York you can find an affordable house and reasonable property taxes in cities such as Albany, Troy, Syracuse and Buffalo.
I don't think that the Massachusetts proposal has anything to do with attracting students. Obviously New England has no problem with that. It appears that young middle-class commonwealth residents are motivated TO LEAVE the place once they get their credentials, particularly the kids who graduate from Massachusetts state colleges and universities.