Senate Minority Leader Bruce Tarr filed a budget amendment last week to reduce the state sales tax from 6.25% to 5% by August 1, 2020. This decrease would shift the tax burden away from lower and middle income consumers and allow Massachusetts retailers more opportunity to compete with New Hampshire and internet vendors.
The sales tax is recognized as a regressive tax that adversely affects the poorest citizens. With the option of making large purchases online or just across the border in New Hampshire there is little incentive for consumers to buy locally, which is also killing off the small businesses that are the life blood of the American economy.
Margaret Busse, candidate for State Senate in the Middlesex and Worcester district, holds a BA in Economics and Public Policy and a MBA. She commented on the amendment saying “I support Senator Tarr’s amendment to reduce the sales tax. This change would benefit the members of our community that need it most. Low income citizens and small businesses will get the rare opportunity to save or reinvest available funds as they see fit.”