THE REVERE ADVOCATE – FRIDAY, MARCH 24, 2023 Page 9 ~ LETTER-TO-THE-EDITOR ~ Rep. Turco calls for President to forgo cuts to Medicare Advantage program Dear Editor, In my role as an elected offi - cial, I am always looking for ways to improve my constituents’ lives and am on the defense for policies that would negatively impact them. Recently, President Biden and CMS announced a new rate notice plan that would make cuts to the Medicare Advantage program. This new policy could harmfully affect over 30 million seniors and people with disabilities across our country, including nearly 400,000 residents of Massachusetts. Medicare Advantage is a fi scally responsible program that year after year receives bipartisan support for its success in providing high quality care while saving taxpayers money. People over the age of 65 are increasingly satisfi ed with their plans. They deserve the highquality care they have come to expect, and our future generations deserve to have this program protected. Medicare Advantage also remains extremely affordable to its enrollees. The average monthly premium is $18, a consequential amount for individuals on fi xed income or retirement savings, and out of pocket expenses are capped. This provides them with peace of mind knowing that they will be covered through Medicare Advantage and have access to care. I call on the Biden Administration to safeguard and preserve this program from harmful cuts that would trickle down to impact everyday Americans, including those in my district. Sincerely, Rep. Jeff rey Rosario Turco 19th Suff olk District With Connecticut phase out, Mass. only remaining New England state imposing Capital Stock Tax new report from the nonpartisan, nonprofi t Tax Foundation about capital stock taxes nationally shows that Massachusetts will soon be the only remaining state in New England to impose the tax. The Tax Foundation states that “Unlike corporate income taxes, which are levied on a business’s net income (or profit), state capital stock taxes are imposed on a business’s net worth (or accumulated wealth). As such, the tax tends to penalize investment and requires businesses to pay regardless of whether they make a profi t in a given year, or ever.” To view their new report, access https://taxfoundation. A org/state-capital-stock-taxesfranchise-taxes-2023 Connecticut is set to phase out their capital stock tax by 2024, leaving Massachusetts as the only remaining state in New England – and one of only 16 remaining state’s nationally – to impose the outmoded tax. “When we talk about allowing Massachusetts to recapture some of its competitive edge, at a bare minimum, we need to eliminate an outdated tax like this. This outmoded levy is directly disincentivizing future investment in Massachusetts businesses and leaving us at a major competitive disadvantage compared to all of our New England neighbors and the country,” noted Massachusetts Fiscal Alliance Spokesperson/Board Member Paul D. Craney. Since the narrow passage of Question 1 last November, along with no broad-based tax cuts and eliminations enacted into law by Beacon Hill leaders, Massachusetts has seen its business competitiveness rankings plummet, and industry groups and small business advocates from across the Commonwealth have begun sounding alarms of worry. Over 100,000 taxpayers have fl ed Massachusetts since the pandemic, and New HampTAX | SEE Page 15 $$ CASH FOR YOUR CAR, TRUCK OR SUV! $$ DRIVE IT - PUSH IT - TOW IT! Cold Hard Cash for Your Vehicle! GET YOUR VEHICLE SPRING READY! Our Spring Service includes: • Complete Safety Check • AC Check • Engine Light Check • Suspension Check with Oil Change Special Only $79.95 2012 SMART CAR CABRIOLET Convertible, Excellent Condition, Deluxe Package, Heated Seats, Most Power Options, Clean Title, Only 81K Miles! TRADES WELCOME! $9,900 Easy Financing Available! (Most vehicles. Restrictions apply) 2013 KIA SOUL Loaded with Power Options, Sun Roof, Heated Seats, Remote Starter, Clean Title, Only 86K Miles! TRADES WELCOME! $8,995 (781) 321-8841 • (617) 571-9869 1236 EasternAve • Malden EddiesAutotech.com Vehicle! We Pay Cash For Your Everett, MA 617-202-8259 * We work with most Fuel Assistance programs “We’re accepting new customers, no experience necessary” “Aceptamos Nuevos clientes no se necesita experiencia.” ~ Hablamos Española ~ 50 Gallon Minimum (Surcharge Applys) Major Credit Cards Accepted Scan our QR Code AUTOTECH
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