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(MA) State may see $200m shortfall Tax revenue drop could force more budget slashing
www.boston.com ^ | September 29, 2009 | Matt Viser

Posted on 09/29/2009 5:23:30 AM PDT by GOPsterinMA

Revenue dropped despite a controversial decision by Patrick and the Legislature to increase taxes by more than $1 billion, including boosting the state sales tax from 5 percent to 6.25 percent. Retailers warned that the state would not raise nearly as much as estimated, predicting that customers would go to New Hampshire or the Internet to avoid additional taxes.

(Excerpt) Read more at boston.com ...


TOPICS: Business/Economy; Crime/Corruption; Government; US: Massachusetts
KEYWORDS: corruption; democrats; romneycare; socialism; spending; stenchofromney; taxes
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To: GOPsterinMA

Yes we do... : )


21 posted on 09/29/2009 5:45:03 AM PDT by Fedupwithit (The Constitution was written with a pen, and it was enforced with a gun. No one listens to a pen.)
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To: scooby321

Patterson is a joke, and a tool.


22 posted on 09/29/2009 5:49:35 AM PDT by xcamel (The urge to save humanity is always a false front for the urge to rule it. - H. L. Mencken)
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To: GOPsterinMA

It’s a double-edged sword. On one hand, business in the border towns is doing quite well. On the other, we have to deal with more Massholes telling us how “wonderful” their little socialist paradise is, and watch them try to turn us into North Mass.


23 posted on 09/29/2009 5:53:42 AM PDT by OCCASparky (Steely-Eyed Killer of the Deep)
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To: Little Bill; OCCASparky; mvpel; Jim Noble; catiwompus; Redleg Duke; andy58-in-nh; Past Your Eyes; ..

NH ping! FReepmail me if you want on or off this list.


24 posted on 09/29/2009 5:55:18 AM PDT by OCCASparky (Steely-Eyed Killer of the Deep)
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To: Jacquerie

“Who first said the people get the government they deserve?”
And there friends is the truth of the matter.


25 posted on 09/29/2009 5:59:36 AM PDT by usslsm51
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To: RexBeach

Different demographics along with a different society. I will leave it at that.


26 posted on 09/29/2009 6:25:26 AM PDT by MSF BU (++)
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To: GOPsterinMA

At this point it pays to shop in NH, expecially if you have large ticket items to purchase. Massachusetts is cutting it’s own throat.


27 posted on 09/29/2009 6:27:38 AM PDT by MSF BU (++)
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To: xcamel
Patterson is a joke, and a tool.

Patterson is a dirty joke.

28 posted on 09/29/2009 6:49:32 AM PDT by dearolddad
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To: GOPsterinMA
“Revenue dropped despite a controversial decision by Patrick and the Legislature to increase taxes by more than $1 billion, including boosting the state sales tax from 5 percent to 6.25 percent.”

Stupid Democrats. Don't they know they can increase revenue to the State many times over by just raising the state sales tax to 20%? Geez Louise they know nothing about echonomics.

29 posted on 09/29/2009 7:16:33 AM PDT by VeniVidiVici (Hey Obama. Where is Osama Bin Laden?)
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To: GOPsterinMA

The boneheaded, moron governor hasn’t even the slightest grasp of Economics 101; raising taxes simply causes people to go elsewhere and/or buy less. And this is doubly true in a recession. Meanwhile, the quality of life in Marxachusetts continues to disintegrate.


30 posted on 09/29/2009 7:39:24 AM PDT by Jack Hammer (w)
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To: GOPsterinMA
Democrat mentality..
All money is owned by the government.. they just allow YOU to have some of it.. until they need it..
31 posted on 09/29/2009 7:39:40 AM PDT by hosepipe (This propaganda has been edited to include some fully orbed hyperbole....)
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To: GOPsterinMA

Dear Governor Patrick: Thanks very much for helping our state. We’re making lots of money now thanks to your tax increases! Keep it up!

Love,
The State...

...of New Hampshire...


32 posted on 09/29/2009 8:55:14 AM PDT by raccoonradio
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To: raccoonradio

PERFECT!!!

You should send this to Howie! I see a bumper sticker or t-shirt in the making!


33 posted on 09/29/2009 10:20:49 AM PDT by GOPsterinMA (Who paid for Mary Jo Kopechne's funeral)
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To: GOPsterinMA

“Retailers warned that the state would not raise nearly as much as estimated, predicting that customers would go to New Hampshire or the Internet to avoid additional taxes.”

Retailers are right. I know people in the south suburbs of Chicago that drive into Indiana to buy certain things.


34 posted on 10/01/2009 2:26:16 AM PDT by Impy (RED=COMMUNIST, NOT REPUBLICAN | NO "INDIVIDUAL MANDATE"!!!!!!!)
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