Letter: GOP tax plan fails basic fairness test
The House Republicans have unveiled their new tax plan and critiques are coming in from all sides, including from U.S. Rep. Richard Neal (D-Springfield).
One thing that I find especially troubling is how this bill continues to disadvantage local, Main Street businesses against their big multinational competitors by offering a much lower rate for companies that shift profits overseas. While a local business would pay taxes at 20 percent, the maximum rate of taxation for income moved offshore will be 10 percent, and protections against big companies gaming the system to pay even less are weak. It will leave smaller, local companies paying double the tax rates as the biggest and most profitable companies. Why should large companies continue to have a tax advantage over small companies? That fails the basic fairness test.
U.S. Rep. Lloyd Doggett, D-Texas, will be putting forward a measure to stop this from happening, and I think it deserves support from Rep. Neal.
The writer is state director of Massachusetts Fair Share.
TALK TO US
If you'd like to leave a comment (or a tip or a question) about this story with the editors, please email us. We also welcome letters to the editor for publication; you can do that by filling out our letters form and submitting it to the newsroom.