Attempting to end days of negative headlines, Gov. Deval Patrick yesterday unveiled a new tax credit for low-income homeowners, portraying it as a bold effort to deliver promised property tax relief to Bay State families.During the campaign, Deval said, "I will be personally involved in expanding opportunity and business growth." Well, Deval... Raising taxes is only going to drive more businesses out of the state. When that happens, even more people will leave the state.But the plan drew immediate criticism from business leaders and GOP lawmakers, some of whom sharply denounced its reliance on tax hikes on businesses. Patrick wants to pay for the homeowner credit by closing “corporate loopholes,” a term opponents deride as a political euphemism for a tax increase.
“This is anything but closing loopholes,” said Michael Widmer, president of the Massachusetts Taxpayers Foundation. “This is a large tax increase on corporations at a time when the state’s economy is struggling.”
Another broken promise.





