US Gas tax suspension Another Republican smoke and mirrors for the Middle class Ok lets have an open discussion Republican Nominee John McCain wants to lead off his economic policy by suspending the Federal Gas tax. He says it's going to … [Read more...]
Youth Aversion: Younger workers fleeing Bay State
As a member of this so-called prime demographic, saying this development is not positive is an understatement. I recall Hubert Humphrey stated that, "... the moral test of government is how that government treats those who are in the … [Read more...]
Race and Gender Diversions
1) The mortgage crisis The crisis in home foreclosure and subprime mortgages continues to plague families across the country and harm economic growth. The New York Times noted the damage on Monday: The housing bust is in the downward spiral … [Read more...]
2.7 Billion in tax revenue collected in April – 1.1 billion over “benchmark” for the year
Also, Secretary Kirwan ignored the soaring rates and costs of incarceration. As some may recall, I posted about that here: http://bluemassgroup.com/s... As a state, the Commonwealth of Massachusetts spends more on incarceration … [Read more...]
Tax Day in the Creative Economy
A message in honor of Tax Day from Cecil B. DeMillion Enterprises. Dear Massachusetts Taxpayer: A year ago I was a sad sack just like you, cutting a check to the Department of Revenue. Then I learned about the Massachusetts Film Tax … [Read more...]
Economy speech and tax loophole update: generally pretty good news!
Today's Globe reports that Deval Patrick's far-reaching plan to front-load the repair of Massachusetts' decaying bridges (411 of them) has quickly picked up essential legislative support: [T]he proposal picked up key backers immediately, … [Read more...]
Video of Governor Patrick’s speech
Part 2: Part 3: Part 4: … [Read more...]
IMF: “largest financial shock since Great Depression”
Sweet. America's mortgage crisis has spiralled into "the largest financial shock since the Great Depression" and there is now a one-in-four chance of a full-blown global recession over the next 12 months, the International Monetary Fund … [Read more...]
Jobless Rate Hits 2-Year High
Jobless Rates Hits 5 Percent, a 2-Year High, Fanning Recession Fears The government added 31,000 jobs in December, while private employers actually cut payrolls by 13,000, underscoring the weakness. Tax cuts! Trickle-down economy! Small … [Read more...]
Casinos: On Numbers and Pictures, Part 1.
So, we're stuck at this point - without enough information to make rational decisions about our state. There's no undoing casinos, once they're here, so it would be nice to know a little bit more before taking this plunge - down the rabbit … [Read more...]