It is important to note that we have cut taxes in this state repeatedly. In fact there were 31 tax cuts recorded on the Massachusetts books during the 1990s. The list of recent and tax cuts is long and expansive. We have also cut taxes on capital gains for banks, mutual fund companies, manufacturers, and insurance companies. Massachusetts is poised to be among the greatest beneficiaries of this swiftly changing global economy, which places its greatest emphasis on our most valuable asset, a workforce comprised of well-educated and highly productive individuals.
Human capital is our principal natural resource.
Giving them the tools they need to compete for good jobs and the quality of life that will induce them to stay here will. Don t believe anyone who tells you that no significant cuts in services will be required should the governor s plan be approved. And the governor s proposal would roll back the rate no matter what happens, regardless of whether revenues continue to grow, with no flexibility to adapt to changing economic conditions. That number will be miniscule if both these tax referendums are enforced. The people of this Commonwealth have already expressed their views on this issue.