The GOP in the House and Senate led the fight against Governor Patrick's huge business tax increase as the wrong plan at the wrong time and we called it bad for our economy. And it turns out, we were right again!
The Boston Herald is reporting today that a group representing big-name foreign companies is urging members to suspend plans to invest or expand here in the Commonwealth due to the new tax law.
If companies are dissuaded from coming here, they will flock to other states that are considerably more tax friendly to businesses in order to lay down roots and create jobs. We need job creation now more than ever, and with the passing of one law, companies are saying goodbye to the Commonwealth. Not only was the passing of this law a bad decision, but a kiss of death for potential economic growth in Massachusetts.