With the end of federal stimulus funding, we have a nearly $2 Billion budget deficit. That means our schools, Local Aid, and emergency and health care services face deep cuts this spring. Meanwhile, wealthy investors and high-income households have had their Bush-era tax cuts extended, worsening deficits and economic inequality.
This legislation would generate $1.2 billion without imposing a burden on working and middle class Massachusetts residents. It is desperately needed as we face a huge budget deficit that would otherwise lead to further cuts to higher education as well as drastic cuts to social services, cities and towns, and health care.