Bad for business
Commentary
The Great Regulation Charade
Cry Wolf Quotes
President Obama and Speaker Nancy Pelosi want to keep the current rates on income, capital gains and dividends in place only for those who happen to fit their description of ‘middle class.’ In this moment of economic distress, will they get their way even though a bipartisan majority of the House disagrees with them? Or will present tax rates be extended for all American taxpayers—and most importantly for small businesses and investors, the nation's job creators?
We're opposed to a lot of bills, but this is one of the worst. When you're the only state in the country with paid family leave and they've tried it in 27 other states and it's failed in each and every one, we see it as a competitive disadvantage in attracting or keeping businesses here.
This is either a late April Fool's Day joke or Massachusetts should be on suicide watch….Here we are, one of only two states to lose population; sixth-highest tax burden; national reputation for high cost of doing business….Yes, along with our winter weather and everything else that discourages job creation here, we would have the 'most generous' mandatory paid leave in the country. Eventually, of course, the new employee tax would increase and be joined by a new tax on employers.
So that a bill like the Right to Know Bill is not in itself definitive; it would not drive all of these businesses away. It will bear more harshly on some than others, and may expedite their rate of closing or leaving or – and very often it’s not even a question of driving a company away, they just don’t expand here. They go and expand somewhere else.
