The Cavaretta for State Senate Jobs Plan

My State Senate jobs plan seeks to lower the Massachusetts personal and/or corporate income tax rates in order to spur economic growth. The approach is revenue neutral by seeking to simultaneously close corporate tax loopholes, crony subsidies, some special credits, favored allowances and special interest loan giveaways.

Let's improve the conditions for free enterprise and small business, job creation in the Commonwealth, rather than trying to recoup prior giveaways and special tax deals to favored companies or industries. These firms may now be in bankruptcy, relocated out of Massachusetts or not fulfilling old promises for new job creation.

These bills implement pay-as-you-go (PAYGO) language that makes any individual or small business tax reductions tied to corresponding savings.

My approach is to simplify the state's tax code while broadening the base.

Freeze all new business regulations imposed on Massachusetts small businesses for a period of 36 months.

Require the Legislature adopt two-year state fiscal budgets (or Chapter 70 appropriations) to assist cities, towns and schools with local budgeting and staffing that often must wait for final state aid figures - after the process ends usually in late July.

Note this legislation was filed by citizen petition on March 28, 2011 at the State House in Boston (Senate Docket #01921 and #01922). For more information visit:

• www.DeanCavaretta.com
• www.MomsAndDadsForDean.com