Today’s Boston Globe contains an Op Ed written jointly by Senator Eldridge and Senator Chang-Diaz. Their courage and straight talk makes me proud to be a democrat.
Among other things, they point out that a 1% increase in the personal income tax would cost households with an income between $40k-$60k a year, on average less than $7.00 a week.
They also describe a plan where the personal exemption and head of household categories could shield those at the bottom of the income scale from any increase at all.
For their complete Op Ed go to: http://www.boston.com/bostongl…
I agree with their conclusion that the most equitable course of action would be for Massachusetts to join the 35 states and the Federal Government by amending our Constitution and enacting a true, tiered progressive system of taxation.
Reliance on budgetary “crack” like the capital gains tax has rendered us vulnerable. Exchanging the “crack” of capital gains for slot parlors is only exchanging one toxic, cyclic, regressive scheme of taxation for another.
To ensure that our state can maintain its infrastructure, ensure access to justice, public safety, 21st century public education, and our new health care plan revenue must be stable, structurally sound, and honest.
The current revenues that go into the general fund are neither structurally sound, nor honest in that the revenue scheme is not directly related to the actual duties of government nor the incomes of citizens and residents.
While I appreciate the courage shown by our House of Representatives and its Ways and Means Chairman Charles Murphy in crafting a budget that only spends what we have, and using a sales tax to generate enough to hopefully protect the most vulnerable this year – a long term solution is needed.
Senators Eldridge and Chang-Diaz have spelled out that long term solution. I hope their colleagues on Beacon Hill are listening.