In a recent letter to the editor of the New Bedford Standard Times I wrote about tax breaks.
The conservative argument is tax breaks create jobs, but according to my studies it doesn’t work.
If I own a tire shop and I sell 100 tires a day and taxed at 30% this year. Then next year I still sell 100 tires a day but I am taxed at 15%, why would I hire more people?
As a businessman I hire and layoff according to demand, not according to my tax bill.
Now if I sell 200 tires a day I would hire more people to keep up with demand,no matter what my taxes are.