Friday, November 16, 2012

House Minority Leader’s Statement on Massachusetts’ Sluggish Tax Revenue Growth

House Minority Leader Bradley H. Jones, Jr. (R-North Reading) issued the following statement today in response to the Department of Revenue’s certification that the 2013 income tax rate will remain at 5.25%:

"With the recent news from the Department of Revenue that Massachusetts’ tax revenue growth was negative for the past three months, any hope for a decrease in the state income tax next year has been thwarted. The fact that positive revenue growth should have been a relatively easy hurdle to clear further proves how the Commonwealth’s economy remains extremely fragile.

Unfortunately, hard-working taxpayers and struggling families have just been dealt another blow during these trying economic times. As such, it is imperative that Governor Patrick and Democratic leaders on Beacon Hill see this as a clear signal that any statewide tax increase would be disastrous."