Dear allies,
During this time of COVID-19, we need our legislators to show bold leadership and dedicate essential funds to our communities, working families and front-line workers who need it the most. We know that many of you — as well as many members of the legislature — are working tirelessly to make sure this happens.
At the same time, there are two bills still under consideration that would give massive tax breaks to wealthy corporations — and we have the opportunity to speak out against them. As we’ve seen after other crises, corporations and the right-wing take advantage of times like these to lobby for advantages like subsidies, tax breaks and privatization. But we know that corporate tax cuts are not what we need to help people struggling with the health and economic impacts of this virus.
We can fight corporate greed and prioritize public health and the public good. Two bills currently in the Joint Committee on Revenue Senator Tarr’s S. 1775 and Representative Poirier’s H.2607, would extend the “Single-Tax Factor” or SSF tax break. At a time when Massachusetts needs to fund emergency pandemic needs and replace lost revenue, a corporate tax break that could cost $67 million annually would be disastrous.
Supporters of these bills say that this will create more jobs, but we know that they are wrong. In fact, Fidelity Investments, which already benefits from SSF for the mutual fund industry, has thousands fewer Massachusetts employees today than when it first got the SSF break in 1996. For more information on the Single Sales Factor tax break, click here.
We need our legislators to know that Massachusetts residents do not support this measure to line the pocket of wealthy corporations as our working families are suffering.
Take two minutes to email members of the Joint Committee on Revenue and urge them not to advance Senator Tarr’s S. 1775 or Representative Poirier’s H.2607 out of committee.
In Solidarity,
Community Labor United
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