Proof in the Numbers

Only in Massachusetts can the Governor and the elected officials in the House and Senate think that raising taxes, spending the Rainy Day Fund can solve the economic slow down, that the Commonwealth is feeling. Back in August the State of Massachusetts felt the need to raise the sales tax to 6.25%, raise the meals and hotel tax as well as tax alcohol.

Sounds Great, on Paper charge individuals more money. However if the State took more time and analyzed the problem at hand and used common business sense, taught at any higher learning institution, these elected officials would realize that the residents of the Commonwealth the consumer to Beacon Hill’s product being sold will either reduce the quantity consumed, or shop else by crossing the border.

In just reviewing, some of the numbers coming in such as The Revenue benchmark that was projected to what was actually acquired is 15% less from $21,402 (Billions) down to $18,259 (Billions). The 1 ¼% Sales Tax increase to 6.25% only being 20% more than what it was previously at 5%, is too coming short. Projected for Fiscal Year 2010, First Quarter Sales tax Revenues are down 4.2% ($46 Million) Less than where the State of Massachusetts should have achieved. The Corporate Business tax in the first quarter earned $139 Million (25% Less than Forecasted).

These Numbers are a good indication that the Change that the Residents of the Commonwealth elected for are not working, What is it going to take to for the Beacon Hill to open their eyes to the real situation and realize spending more money and not cutting back on the budget is not the solution. At this Rate the State of Massachusetts will surpass the rest of the country in High Unemployment, High Bankruptcy Rates. That is not an accolade that benefits any one.