I am sure many of you by now have heard about the Governor’s plan to increase the income tax rate and lower the sales tax rate to fund his education and transportation plan but have you heard about the 45 tax deductions being discusses for possible elimination?
The Globe wrote about this and listed them per the Governor’s office. You may view the listing by clicking here. I am curious to hear your thoughts, is this a good idea, bad idea, in between? Any of the deductions you think should be saved? Let me know what you think.
-Paul D. Craney
Please share widely!
That says the deductions are not as progressive as the income tax or sales tax plan. Have at it.
http://sparechangenews.net/node/1330.
Why does Deval want to elimate the deduction for child care? This is a thumb in the eye of working parents. No more deduction for your Charlie Card expense.
The renewable energy credit is gone. That mean if you install solar panels, you can no longer deduct this on your taxes? Capital gains exemption on the sale of your home is gone? Perhaps I read that wrong. Deval should start looking at Big Education and ask them to start paying their fair share too.
Even though it’s a state issue, I hope all the candidates running for U.S. Senate weigh in on this tax plan. This will give us an idea how they think of tax policy as we tackle the federal debt and who will be asked to sacrafice.