Patrick Looks to Raise $1 Billion in Income Taxes
Money would help pay to improve transportation system and education in the commonwealth.
Governor Deval Patrick is expected to propose $1 billion in new taxes to help pay to improve the state’s transportation system and expand early education programs, reported The Boston Globe.
Patrick is expected to announce the plan at his State of the Commonwealth speech Wednesday night.
The plan is to increase the state income tax from 5.25 percent to 5.66 percent, which would raise $1 billion. Patrick’s plan would also need to raise other taxes and fees to pay for the spending increases of $1.5 billion next year and $2 billion annually after that, according to The Globe.
What do you think of the governor's proposal? Do you support raising taxes to fund these programs?
Arthur Christopher Schaper
7:04 pm on Wednesday, January 16, 2013
Patrick wants to raise tax rates, but they will not guarantee raise revenues.
It may guarantee that more residents raise their hands in frustration, pull up stakes, and move out of the state.