The corresponding increase in sales and business from reducing or eliminating sales tax on Restaurants and liqour stores will go along way to make up any sales tax revenue that is lost.
I don't approve of eliminating all sales taxes, but, we should for the sake of fair business, eliminate the ones that take business from the state. Mr Malik is correct to cite his own experience as a small business owner in this discussion. He has to pay income tax on the revenue from that store. 20-30% more business would mean 20-30% more taxes he will have to pay and maybe one or two more jobs he can offer. I don't see any problem there.
As time goes on with these tax issues and more people decide to use MA's no tax on liqour and some other things, doors will close on some of these businesses and tax reveniue will go down even further making cuts even harder and deeper. We should be doing everything we can to bring business to the state, not shoving it away. More buiness=more jobs=more revenue=less cuts necessary.
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