| 
  • If you are citizen of an European Union member nation, you may not use this service unless you are at least 16 years old.

  • You already know Dokkio is an AI-powered assistant to organize & manage your digital files & messages. Very soon, Dokkio will support Outlook as well as One Drive. Check it out today!

View
 

04-28-2003

Page history last edited by PBworks 17 years, 4 months ago

April 28, 2003

ROMNEY TO LEGISLATURE: RESIST URGE TO RAISE TAXES

Lauds Analogic Corporation on record job growth

 

PEABODY – As the House of Representatives begins to debate the state budget this week, Governor Mitt Romney urged them to hold the line on taxes and reminded the members that he will veto any attempt to raise taxes.

 

Celebrating the expansion of Analogic Corporation, Romney said that any tax increase will slow economic growth and make Massachusetts less competitive.

 

“Analogic’s continuing expansion is extraordinary in light of our challenging economic climate,” Romney said. “If we’re going to attract and retain more companies, we need to get serious about reforming state government and taking steps to foster a pro-growth environment. Those steps include holding the line on taxes.”

 

Analogic, a leading designer and manufacturer of advanced health and security systems, is currently housed in more 400,000 square feet of engineering, manufacturing and administrative space in Peabody. The new construction will add an additional 100,000 square feet of space and expand production capabilities for the company’s medical and security imaging system businesses.

 

In April, they leased a 200,000 square foot building in Haverhill and transformed it into the world’s most advanced manufacturing facility for security scanners, 40 of which are currently installed at Boston’s Logan Airport.

 

In addition to pledging to hold the line on taxes, Romney highlighted the importance of extending the Investment Tax Credit and preserving the single sales factor as ways to encourage more high tech companies to stay in Massachusetts when they make the transition from research and development to manufacturing.

 

Romney noted that the state’s rising unemployment rate underscores the need to create a more business friendly environment in Massachusetts.

 

He said “I find it unbelievable to hear people in the State House talking about tax increases as an option to closing the budget gap,” said Romney. “Raising taxes at a time of rising unemployment will hurt working families, drive companies out of Massachusetts and push our economy into an even deeper rut.”

 

Romney added, “Higher taxes are simply not an option for my administration, for working families or for the hundreds of businesses who are struggling. It is time for reform.”


Tags: Taxes

Comments (0)

You don't have permission to comment on this page.