Massachusetts: 2013 Archives
Recent comments from CEOs highlight the problem:
"If I were designing Hell for a company, I couldn't do as good a job as Massachusetts has. We will be leaving the state within the next year." "We are moving out of CA, MI, MA and NY in 2013 and terminating our employees there. The regulatory and tax environment has become untenable."
"Massachusetts is returning to the state of Taxachusetts, thanks to Governor Deval Patrick and the overwhelming Democratic party majority in both houses of the Legislature."
"Taxation and regulation are always the key barometers. Massachusetts and Oregon are the worst."
Massachusetts ranks 47th as a place for business, just ahead of Illinois.
In the rankings of the American Legislative Exchange Council, Massachusetts has declined for the third year in a row and now ranks 29th in the nation. Its debt burden is enormous, 49th worst in the nation. The legislature and the governor are pushing hundreds of millions of new taxes through this year to feed the insatiable spending for welfare the Democratic government is using to get votes.
The overspending and overtaxing is happening locally as well. Chatham's real estate taxes have shot up 25% in just two years and its outstanding debt is triple what it was in 2009. And this is just the beginning. Only the wealthy will be able to afford Chatham the way things are going.
But the big new news is how all the states are doing. The report is worth reading to learn who is succeeding and why. There's little chance the Massachusetts and Chatham leopards will change their spots or restrain their appetites.
The Massachusetts Fiscal Alliance, Citizens for Limited Taxation and MassRedGroup all monitor and report on the state's situation and Chatham Concerned Taxpayers sounds the alarm locally, but the burdens keep being put on the taxpayers to feed the spending addictions.
Email This | DIGG This | del.icio.us | Facebook | Stumble It