Urge Your Legislators to Support MTA-Backed Bill to Increase Tax Rate on Corporate Profits!
The MTA is supporting legislation to increase the tax rate on corporate profits. The bill, An Act relative to restoring corporate tax rates, was filed by Senator Sal DiDomenico (D-Everett) and Representative Mary Keefe (D-Worcester).
Businesses that are generating a profit should be expected to contribute more to support the public goods and services on which their profits are based, especially in the midst of a public health emergency. This legislation would raise the current corporate tax rate of 8 percent to the pre-2009 rate of 9.5 percent, and in doing so could generate up to $500 million annually in new revenue from profitable businesses. To learn more about this legislation, please click here.
Please email your legislators right away and urge them to support and co-sponsor the MTA-backed bill to increase the tax rate on corporate profits! Please also consider calling your legislators to follow up on your email. You can find your legislators’ phone numbers by clicking here.