The major business groups — from the Massachusetts Taxpayers Foundation to Associated Industries of Massachusetts — have sent a letter to Baker, urging him to veto that part of the budget. Their argument: Companies like certainty, and changing the tax law mid-stream cements Massachusetts’ reputation as a bad place to do business.
By Michael Norton, State House News Service / NewburyPort News
In a letter to Baker released Wednesday afternoon, the heads of the Massachusetts Taxpayers Foundation, Associated Industries of Massachusetts, the Greater Boston Chamber of Commerce and the Massachusetts Business Roundtable urged him to veto the plan to repeal the FAS 109 deduction, saying reversing course on the policy “sends a troubling message to businesses that agreements are always subject
“The fact that the rule changed very quickly and abruptly is problematic, particularly for Massachusetts, where we suffer from the perception that we have a negative tax climate,” McAnneny said. McAnneny signed the letter urging Baker to veto the measure, along with representatives of Associated Industries of Massachusetts, the Greater Boston Chamber of Commerce, and the Massachusetts Business Roundtable.