Fact: Business and citizens of the United States of America pay less tax than any other industrialized nation.
Fact: Business and citizens of the United States of America complain about taxes more than any other industrialized nation.
No one loves to pay tax, but a democratized nation cannot exist without them. President Obama understands that everyone needs to pay their fair share if we are to prosper as a nation. And Governor Deval Patrick of Massachusetts knows it as well.
He is proposing a restructuring of the state’s tax code which would increase revenue by 1.9 billion dollars. Included in the plan would be a full one percent increase in state income taxes from 5.25% to 6.25% and reducing the sales tax from 6.25% to 4.5%.
The 1.9 billion dollars would fund education and transportation. Like most states the infrastructure of Massachusetts is in need of repair.
Education would benefit by allowing the University of Massachusetts to freeze tuition and other fees next year.
“I have proposed to address these realities now because doing so secures our economic future. And because failing to do so puts our economic future at risk,” Patrick said.
“All the evidence points to the fact that making these investments means more jobs and growth,” he added.
His proposals have met mixed reviews.
“I think when you put it in context of all the other tax increases from the federal government, there is a whole host of tax increases that are going to come about from the Affordable Care Act, and then to add another tax into the equation, I think the timing is probably not good,” said John Albert, president and chief executive officer of Home & Health VNA Inc. in Lawrence. Ronald Pollina, a business consultant in Haverhill, said tax hikes are tough but the goals are worthwhile.
“We need all those things. The infrastructure of our highways and byways, those are needed. And of course, education has got to be number one,” Pollina said. “Again tax increases are always tough, and this time makes it even tougher because we have so much pressure.”
Patrick said his proposals would require the wealthiest individuals to pay a little more tax, but middle and low income would stay approximately the same, and in some cases pay less.
Columnist-The Guardian Express