Patrick: We Need to Increase Income Tax to Invest in Our Future
Tell us: do you think Massachusetts needs to increase taxes to strengthen education and transportation?
In his State of the Commonwealth address Wednesday night, Gov. Deval Patrick proposed raising the state's income tax by a full percentage point and lowering the sales tax to pay for $2 billion worth of transportation improvements and early childhood education programs. "There is no good time to raise taxes. I know how tough the times have been on the people and families of the Commonwealth. And though the worst of the recession is over, many, many families still face tough decisions and have deep anxiety about the future. I would not ask if I did not believe in my heart that investing meaningfully today in education and transportation will significantly improve our economic tomorrows," Patrick said. Patrick said he wanted a more fair and…
Michael Fleming
1:13 pm on Tuesday, January 22, 2013
Please notice Patricks phraseology: "invest in the future". First the word "invest". It sort of sounds like a person socking money away for a rainy day huh? That is always a good strategy. Sound money management, judicious use of your hard earned money, right? One "invests" their money for a reward later on, like retirement or for a college fund. Thing is, it isn't that at all. It's another word … more ›