There was our former governor, Michael Dukakis, arguing this week against allowing casinos in Massachusetts. Yeah, he made passing reference to the moral case – we don’t need more addiction – but his real pitch was that the state could get the additional money it needs by repealing “worthless” tax exemptions. That’s some serious rhetorical gymnastics. “Repealing tax exemptions” really means “raising taxes.” And how can they be worthless if the ex-gov thinks they’ll bring in $2 billion?
But I wouldn’t bet on either or. I’m betting on both. As the State House News Service reports, Senate President Therese Murray has said that casinos are “inevitable.” And Rep. Jay Kaufman, D-Lexington, says the Legislature’s Revenue Committee is studying the existing tax incentives, and finding little or no rationale for many of them.
Coming soon. More opportunities than ever, close to home, to lose more of your “hard-earned” money. And higher taxes too. That’s the really safe bet.