Governor Deval Patrick will propose a gradual reduction in the state's corporate tax rate from 9.5 percent to 8.3 percent when he unveils his budget next week, a bid to win business support and jumpstart his stalled plan to tighten what he calls corporate tax loopholes, administration sources said.As the Governor well knows, Massachusetts corporations and large businesses enjoy some of the lowest taxes in the country. We have tax policy that results in companies like Walmart costing us more money than we tax them. If I wanted a Governor who would cut corporate taxes, I would have voted for Kerry Healey.
It would have been nice to see Governor Patrick grow a coalition in the legislature to co-opt DiMasi's power, but instead we've only seen him introduce new policy after new policy, without the perseverance to stick with one. Now, we're seeing him bow down before DiMasi and plea for his proposals to pass, to the point where he'd actually give corporations a tax cut when our state faces a $1 billion dollar deficit. Like I said, this is not acceptable.
At the very least, if the Governor can't build coalitions, it would be nice if he had the guts to publicly spar with the Speaker, even if it meant shutting Government down. If that's what it would take to pass corporate tax loophole cuts and the Municipal Partnership Act, so be it. A huge percentage of the state would have enthusiastically supported him - and it certainly would have awoken the beast that was his army.
Yet, between his corporate tax cut proposal and casinos, I'm not sure if there's very many in his army left. He's supporting policies that are anathema to his base - why continue to support the home if it doesn't fit the foundation? Faith in the governor is quickly evaporating, like rain in the desert. Three years from now, Governor Patrick's seat is going to open up. If he continues along this path, Massachusetts will be welcoming Governor Charlie Baker. Sadly, at the rate things are going, I'm not sure if that's actually a bad thing.