The Coalition of Social Justice sent a very important email.
Next Tuesday (April 8), the House is expected to vote on a proposal that would close corporate tax loopholes and cut the corporate income tax rate by 25% - costing $466 million!The Speaker of the House, of course, is billing this as a great compromise: he agreed to cut corporate tax loopholes, but his "compromise" is so generous to Big Business that their taxes will be slashed an amount no ordinary citizen would ever be so lucky to receive.
It gets even worse.
Meanwhile, 103,000 corporations pay the minimum corporate tax of $456...while the average Mass. family pays $2700 in taxes. The proportion of state and local taxes paid by corporations in Mass is way below average - 42nd in the country! This is not fair!Amen! The economic times are so bad - and getting so desperate - that my hometown of Swampscott is about to cut all of the high school's technical education classes. This comes one year after they shut down the best elementary school in the district, which consistently performed in the top 10 schools on the Massachusetts MCAS and was one of the state's few Compass schools. But it's okay to cut corporate taxes now?
It's good to see the Speaker willing to compromise on Governor Patrick's best ideas, and propose a few good ones of his own - from life sciences to renewable energy - but this just isn't good enough. We, as a state, are facing a billion dollar hole next year - and none of the politicians seem willing to do the courageous thing and raise taxes, even by a tiny fraction. Something's gotta give and so far it looks like only the middle and working class is the one sacrificing. Not good enough.
Contact your legislators. Tell them to make sure corporations in Massachusetts pay their fair share - that's all, just their fair share. We have real problems now and cutting corporate taxes isn't the solution. Enough is enough.