Patrick Files $34.8 Billion State Budget Proposal
The plan focuses on investments in transportation and education while calling for an income tax increase coupled with a lower sales tax.
Gov. Deval Patrick
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Thursday, January 24, 2013
Wednesday, January 23, 2013
Patrick Files $34.8 Billion State Budget Proposal
The plan focuses on investments in transportation and education while calling for an income tax increase coupled with a lower sales tax.
Gov. Deval Patrick, in submitting his $34.8 billion budget to the legislature on Wednesday, said the proposed income tax hike is part of a comprehensive package aimed at investing in the state's infrastructure and in driving growth. The proposal asks for an increase in the income tax from 5.25 percent to 6.25 percent coupled with a reduction in the sales tax from 6.25 percent to 4.5 percent. It also doubles personal exemptions. Despite the proposed income tax hike, Patrick says that low- and modest-income workers will pay less in taxes under his proposal, and only the "more fortunate see a larger increase." "I do not submit this proposal lightly. I understand that many households in Massachusetts continue to struggle from the impact of …
Thursday, September 27, 2012
Read the Transcript of our Live Chat with Gov. Deval Patrick
Patch chatted live with Gov. Deval Patrick Thursday afternoon.
Archie Bunker
9:38 am on Thursday, January 24, 2013
This budget, while lowering the sales tax rate includes for the first time a tax on food items, candy & soda. That is the slippery slope which will allow all food to be taxed and BTW, if you use that vending machine at work, look for the prices to be going up! more ›