Deval Patrick is going to address the corporate loophole problem by cutting corporate tax rates. What problem does that solve?
The one thing he started to do that we elected him for was to cut waste, fraud and abuse by closing corporate loopholes. (Remember waste, fraud and abuse, where we were going to get all the money we needed to do things we need, together we can, all that stuff?) A little push-back from the legislature and, oh, well, never mind (although I notice that he’s not abandoning his gambling plan as easily, despite legislators’ resistance). So the plan now is “revenue neutral.” He’s going to teach those weaseling corporations a lesson: weasel out of your taxes, and we’ll…well, we’ll just cut your tax rate, darn it.
Wasn’t the point of closing the loopholes to get the money these guys have been pilfering out of our public treasury? Quite a lesson for all the ordinary mortals who have had to take up the tax burden the corporations have managed to shed for the last fifty years.
And this, on top of the untallied millions (and why is no one tallying those millions?) of public dollars being given away in tax breaks, now featuring the life-sciences bonanza.
I remember candidate Patrick’s Globe interview of October 22, 2006, where he debunked the myth of tax breaks as a business decision-making factor. He told me the same personally at a fund-raiser. When he promised to “create” 100,000 jobs, I didn’t realize he was planning to create them by actually paying for them. I was thinking, better education, transportation infrastructure, housing, environmental quality — things that really do influence business decisions. But…we can’t afford those; we’re giving away our money to create jobs.
OK, I want to see a show of hands. How many of you Deval supporters feel duped? Come on, admit it. We read into him all our hopes and dreams, just as he led us to do; we were willfully blinded and misled. And now, we get the government we deserve. And we feel too sheepish (in both senses) to complain.
Would BMG be so silent if Healey were giving away our assets to developers and corporations, making the government a partner in a gambling empire that predominantly exploits the poor, absorbing the state highway department into a quasi-public transportation authority, shifting park responsibilities to private “points of light,” etc.?