April 22, 2003
ROMNEY, SMALL BUSINESS OWNERS AGREE: DON’T RAISE TAXES
Governor Mitt Romney today convened a group of small business owners from across the Commonwealth to underscore his commitment to holding the line on taxes.
Romney said a higher tax burden on small businesses will force them to lay off workers and may even encourage them to relocate to a more business-friendly state.
Romney said that of the 200,000 companies in Massachusetts, 95 percent of them are small businesses employing less than 50 people. He also noted that small businesses create two-thirds of all new jobs.
“Small businesses are the backbone of our economy,” said Romney. “They provide jobs for our half of our workforce and stimulate our economy. Raising taxes will force them to cut jobs and will drive them out of Massachusetts to a more business-friendly state.”
Romney noted the overall long-term ramifications of raising taxes to deal with a fiscal crisis and said higher taxes will do nothing to solve the state’s fiscal crisis. According to the Cato Institute, after the 1990s, the 10 states with the highest per capita taxes in the country experienced economic growth at half the rate of the 10 states with the lowest per capita taxes.
Instead of higher taxes and deep spending cuts to close the budget gap, Romney proposed a fundamental restructuring of the way state government does business.
Romney said, “Higher taxes are simply not an option for my administration, for working families or for the hundreds of small businesses who are struggling. It is time for reform.”
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Small Business Owners at Roundtable Discussion
David and Marie Allen
Allen Associates
Ayer, Mass.
John Boyd
Boyd Financial Advisors
Worcester, Mass.
Aime DeNault
Century 21 DeNault Realty
Leominster, Mass.
Geraldine Frates
Acushnet Power Lines, Inc.
Acushnet, Mass.
Kija Kim
Harvard Design & Mapping Company, Inc.
Cambridge, Mass.
William Norton
Citywide Auto Glass
Fall River, Mass.
Tom O’Malley
NESA, Inc.
Topsfield, Mass.
Rusty Santini
Santini Brothers Iron Works, Inc.
Medford, Mass.
Raymond Tarr
North Shore Fire Appliance
Wenham, Mass.
Bruce Wilbur
Howland Tool and Machine
Freetown, Mass.
Tags: Taxes
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