Tuesday, January 22, 2008

Patrick Tax Cut?

The Herald reports Brad Jones' reaction to Deval Patrick's attempt to "cut taxes."

"House Minority Leader Brad Jones said he “laughed all the way to work” today after reading a headline indicating that Gov. Deval Patrick is seeking to cut corporate taxes with a proposal that would essentially drain hundreds of millions from firms in the short run, then phase in a 1.2 percent rate cut over three years.

“There is no way you can consider it a substantial (tax cut) when, at the end of the day, you’re taking nearly $2.3 billion from businesses, and giving them back $500 million a few years down the road,” Jones said."