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More DiMaze-ment: “What burden”, indeed?

January 23, 2008 By Charley on the MTA

Just a post-script to my earlier post: Today I heard DiMasi on the radio, talking about what a bad idea it would be for us to close corporate tax loopholes due to the impending economic troubles: “What burden do we put on business during a recession?”

Can we just state the obvious?

  • If corporations aren't paying the taxes they ought to pay, under a fair, consistent and competitive tax structure …
  • and the bills are still coming due, for education, infrastructure, and all the other things upon which business and individuals depend heavily;
  • Then individuals are going to get stuck with the taxes that corporations aren't paying.

We know this is true; we're living it all the time. The legislature has oh-so-cleverly avoided taking the hit for a tax increase, essentially by pushing the increase off onto localities. Let a thousand Prop 2 1/2 overrides bloom!

And so, we get to pay our Verizon bill twice: Once directly to them, and once in the form of paying the taxes that they're not paying. What burden do we put on individuals during a recession?

ANOTHER UPDATE: Patriot-Ledger says cut the property taxes first. Yes, that's what people voted for. 

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Filed Under: User Tagged With: dimasi, loopholes, patrick, taxes

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