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The Coming Crisis for Employers

October 29, 2017

 

Editor's Note - The following is a letter from AIM President Richard C. Lord to Massachusetts employers.

 

Massachusetts employers face an unprecedented public-policy crisis in 2018.

That is why Associated Industries of Massachusetts (AIM) is calling upon employers everywhere to mobilize in an unprecedented manner to preserve the state economy and the jobs of the people who live here.

Progressive activists are well on their way to placing three questions on the 2018 Massachusetts election ballot that would together impede economic growth for a generation:

 
  • Taxes - A constitutional amendment that would impose a 4 percent surtax on all incomes of more than $1 million per year, including those for subchapter S-corporations, LLPs, LLCs, partnerships, and other pass-through entities. The projected cost is $2 billion. (Read the AIM Blog articles
  • Benefits - A question that would mandate 16 weeks of paid family leave and 26 weeks of paid medical leave for employees. The projected cost is $1.3 billion. (Read the AIM Blog articles)
  • Wages - A question that would increase the state minimum wage from $11 per hour to $15 per hour. The projected increase is 36 percent – (Read the AIM Blog articles)

These cost increases would come on top of accelerating health-insurance premiums, increased Unemployment Insurance taxes, and higher overall electricity costs.

The convergence of the three questions is no coincidence.  Labor unions and groups seeking to increase taxes have for several years followed a strategy of moving issues out of the state Legislature and into the ballot box, where voters without an understanding of business realities tend to support increased benefits and more government programs.

AIM is striving to mitigate the worst aspects of each question by either outright defeat or by urging modifications to each to make the impacts less burdensome.

How can you help?

It is impossible to overstate the potential threat that these three ballot questions pose for Massachusetts employers.  The advocates supporting the questions are well funded and are prepared to spend millions of dollars to get their message across to voters. The only way to turn the tide is if employers like you are willing to tell the public that the health and prosperity of the citizens of Massachusetts depend upon economically competitive businesses.

Thank you for being among the community of employers who support Associated Industries of Massachusetts.

If your company is not already a member, or you know other employers that would like to be part of this effort, learn how to join AIM and help your business remain competitive.  Please contact me directly at 617-262-1180 if you have any questions.

Sincerely,


Richard C. Lord
President & Chief Executive Officer

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