2011 budget

Our Leadership Team voted in favor of a campaign for new revenues in the 2011 state budget. ONE Massachusetts network members are calling on our legislators to close tax loopholes that cost the state money and close the budget gap, which is threatening our communities with drastic budget cuts.

We’re asking the Legislature to back to following revenue options:

• Restore of the tax on dividends and interest to 12 percent, with provisions to exempt moderate-income seniors (+/- $500 million)
• Cap of the Film Tax Credit for one year to save $75 million
• Limiting Life Sciences Tax Credits by $5 million
• Repeal of the Aircraft Sales Tax exemption ($4.5 million)
• Removing the sales tax exemption for cigars and smokeless tobacco ($15 million)
• Sales tax on candy and soda ($51 million)
• Support for transparency and accountability measures advance by Revenue Committee chairmen Ben Downing and Jay Kaufman and Gov. Patrick