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Brown Warns Voters Tax Hike Will Cost Mass 100,000 Jobs

Wednesday, August 15, 2012

 

In a policy speech delivered Tuesday, Sen. Scott Brown spent more time talking about his opponent's tax plan than his own.

Addressing an audience at the South Shore Chamber of Commerce, the senator accused Democratic challenger Elizabeth Warren of supporting tax hikes that will add up to more than $3 trillion over 10 years and cost Massachusetts 100,000 jobs in the process.

"Taxmageddon"

While many politicians are counting down the days until November 6, Brown urged voters to focus on January 1 instead. Unless lawmakers act soon, the first day of 2013 will mark the expiration date for the Bush-era tax cuts extended by President Barack Obama, the senator said.

As of that day, referred to by some as "Taxmageddon," individual rates will increase for taxpayers of all income brackets.

According to Brown, the bottom tax rate will increase by half, from 10 percent to 15 percent. For the top rate, income formerly taxed at 35 percent will now be taxed at 39.6 percent.

The child tax credit, formerly $1,000, will be reduced by 50 percent to $500, while the capital gains, dividend and death taxes, among others, will all increase, Brown said.

Warren's "twisted logic"

Brown contrasted his support for business owners and entrepreneurs with the "demonizing" of the business world his opponent has engaged in.

"Professor Warren’s twisted logic dictates that because businesspeople like you take advantage of government services, then you owe “a hunk” of their success back to the government in the form of higher taxes," the senator said.

He called Warren's philosophy "dangerous," claiming "it turns the American Idea on its head."

Local costs

The combination of higher tax rates and smaller tax credits may result in 100,000 workers in the Bay State losing their jobs, according to Tuesday's speech.

In particular, a new 2.3 percent excise tax on medical devices, one of Massachusetts' top exports, will take effect as part of the federal health care law and could have a negative effect on local manufacturing.

"I think that any tax increase in a time of economic difficulty is very, very problematic," said Richard Kennedy, president and CEO of the Worcester Regional Chamber of Commerce.

With the current economic uncertainty and the looming threat of across-the-board tax increases, Kennedy said employers in the Worcester area are very reluctant to hire right now.

"I think we will not see much hiring of full-time employees until there's some clarification as to what the economic situation will be following the election."

Brown's alternative

For all its criticism of Warren, Brown's speech was light on specifics when it came to his own tax plan.

"We need broad tax reform that does away with special loopholes, simplifies the entire tax code, and lowers rates to get this economy growing again," he said.

He also called for immediate action by lawmakers to head off the impending "Taxmageddon."

"Whatever it takes, even a special session of Congress this summer, the American people deserve to know – and know right now – that they’re not about to be hit with a massive tax increase."

Warren's campaign refuted Brown's numbers and released a statement Tuesday morning in advance of Brown's speech, contending that the Republican candidate was attacking her to distract voters from his own record. 

"Scott Brown has consistently voted against middle class families and small businesses while he votes for special deals for those at the very top," Warren said in her statement.

"He can’t run away from his record, his endorsement of Mitt Romney and Paul Ryan or his Republican Party. They stand together to help the rich and powerful get richer and more powerful."

 

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Comments:

Stephen Quist

Massachusetts needs to elect a Senator that will put the people of our state first and be solely accountable to Bay Staters. Senator Scott Brown has proven time and again that he puts our state and citizens first before partisianship politics.............
With "lying lizzy warren" we will get a Senator beholden to Harry Reid of Nevada first before even thinking about us Bay Staters.....
Massachusetts must elect a legitmate candidate and not a faux pas bucket of water carrier for Reid..........
Massachusetts does matter!

Edward Saucier

Listen to Scott Brown at your peril. Now know as "Mr. Exaggeration" by some and "Slippery" by his colleagues, his definition of bi-partisan is voting for the other side about 10% of the time. And when he does it costs the taxpayer more and the corporations less, e.g. The Dodd-Frank Bill. Brown saved the financial industry $19 billion and shifted that load onto the taxpayers. Well done Mr. Brown.

As a GoLocalWorcester article pointed out Brown's record of NOT voting for jobs: Brown's record includes votes against the American Jobs Act of 2011 (S. 1660, Senate Vote #160, 10/11/11), the Rebuild America Jobs Act (S. 1769, Senate Vote 195, 11/3/11), and the Teachers and First Responders Back to Work Act of 2011 (S.1723, Senate Vote 177, 10/20/11). These three bills amounted to an estimated 33,000 jobs at stake for the Commonwealth of Massachusetts, and Brown voted against them all.

I like to call Scotty a "negative indicator." That means whatever he says you should consider just the opposite to be true. If you compare liar vs. liar - Brown vs. Warren - well Scotty wins that one hands down.

The republican party doesn't mind cheating, lying, twisting the truth into a lie or anything else that doesn't require a conscience or a brain. You can take that to the bank, if there are any left that are trustworthy. Maybe you should take that to a Credit Union close to you.

Harvey Beehive

Let's see. 10 out of 10 of our congressmen are democrats. 1 out of 2 of our US senators is a democrat. Yup, what we really need in D.C. is another democrat to balance things off a bit more.

Harvey Beehive

Saucier...the problem with your comments and the few others who agree with you is that if you take them to their logical conclussion, they are totally illogical.

Stephen Quist

bees in the bonnet harvey......give it a break and please actually contribute to the debate rather than maliging others that may disagree with you........
I agree/disagree with Ed at times but the best part is that we have an exchange of ideas and philosophies which is the bedrock of our American society
The problem in this country are those that put political parties first before the American people and quite frankly that is just un-American

Harvey Beehive

Quist...while I admire your running to the defense of Saucy, I really don't need to be lectured by you or anyone else as to what I should or shouldn't say in this forum. Another bedrock of our society is freedom of speech and I intend to use it in the manner I see fit. And I really don't need to be told what is American or un-American. I served my country faithfully in the armed services so that you and I can both have the freedom to say what we think. All due respect.




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