Friday, January 18, 2013

Governor Patrick calls for income tax hike, sales tax cut

Sent to you by Steve Sherlock via Google Reader:

via The Milford Daily News News RSS by Bob Salsberg on 1/17/13

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Gov. Deval Patrick asked the Legislature on Wednesday to support a net increase of $1.9 billion in state taxes to support major new spending on transportation and education. Patrick used his annual state of the state address to propose hiking the state income tax from 5.25 percent to 6.25 percent, while doubling the personal exemption for all taxpayers and eliminating dozens of itemized deductions. At the same time, he called for reducing the state sales tax from the current 6.25 percent to 4.5 percent.

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