In order to strengthen our economy and improve the quality of life in Massachusetts, the FY 2014 budget included new investments to fix and improve our transportation system and to make higher education more affordable.
One of the things that made such investments possible was $160 million in new revenue from a "tech tax" that covers computer design services and the modification of pre-written software. It now looks as if the "tech tax" is going to be repealed, without being replaced now by a new ongoing revenue source. In the longer term we are likely to see an ongoing debate in our Commonwealth about how best to pay for important investments in transportation, education, and other systems that play a critical role in helping people reach their full potential and enhancing the future prospects for our economy.
Reforming or eliminating special business tax breaks
Reducing opportunities for tax avoidance
Reexamining other major tax cuts of the past two decades, including changes to the income tax that cost the state nearly $3 billion per year.
Post a Comment