Sal DiMasi

back when he was was the -- One of them figure miles wide fault anybody -- that so reminds you why in the middle of the last withdrew her political elite. The Deval Patrick says. Give him phasing against the -- Massachusetts. Governor cameras and a lot of people say these strange -- figured to meet you were traveling the united. You're walking around the state house calling my -- you have a billion where were trying to all the measures as you know none of most of course there's a loophole we'll get them and I attribute bad live for the relationship that I have -- Prevalent told caught her lawyer. Guy here doctor. Callable -- these rocks. Now that I am cold or real pulleys and Kovalev in the Tom Finneran. On Paulson talks vision KM sixty DW. RK.

Yes the police -- and so is everybody else to top Federer and and veterans far may have succeeded WRKO we delighted. To be joined by speaker of the house cell's amazing who in a speech yesterday. To the Greater Boston chamber of commerce appear to take head on in reject the idea that was floated by Governor Patrick a few weeks ago in his budget. To increase taxes. On business we had joined by speaking to mason on the farm to mr. speaker welcome that WR KL. And good marketing mr. speaker I -- I don't find itself -- doing fine you know they always tell me he had not to engage in Canada. The personal stuff with people that I have a friendship with. But I want to let the whole like KO an audience know how lucky you the best thing you've ever done in the greatest thing that ever happens he was married young bright Debbie.

I know that they did that happen all the time you know something I think -- divesting.

Well I guess we -- I guess we were both lucky we're currently. -- now let's get right to what you went to you Winamp the governor a little bit yesterday at least in terms of this proposal to. What he is characterized as closing loopholes. And what other people are characterizing as. Job killing tax increases on the tax creating businesses a Massachusetts seems -- in the second camp not the first camp.

The -- I don't think that. Increasing the burden on businesses at this particular time is going to be anything beneficial once it's gonna be adversely affecting our economic growth. And that's what the governor of us have been telling them for awhile. People don't realize that the in the same so corrupt tax loopholes that the house rejected last year and and if we we did that it wouldn't the third year and that we. Increased business practices in Massachusetts and I and I it was wrong way to go. In light of the fact that we have an economic stimulus bill last year. And a permanent little last year that was supposed to increase job growth here in Massachusetts and and I just want to turn my back on those two pieces of legislation that I thought -- just. Making an effect on the economy here masters is so we we need to create jobs the masters is matter of fact. Massachusetts's -- that thing looked a lot in the country and creation of jobs over the last for years.

Yeah I you know tell you make a good point direct it is not good four Massachusetts with three got a job creation you remind me of the work that was done on permanent in the work that was done on the economic stimulus. What I am also. Reminded of is the fact that the had been a couple of previous she is under Mitt Romney to be honest but. He went on this kind of loophole search. And proposed for the legislature's consideration a couple of years and -- different measures some of which were -- adopted. All of which added hundreds of millions of dollars to costs that had never been borne by Massachusetts business before that.

I would say and the last through three doses especially Leo on the Mitt Romney. 400 million dollars and tax increases for businesses because of the so called loopholes proposals yes.

An answer your point is too good now go along if I follow yup point to now go along with governor Patrick's proposals is just it would be. They're kind of leaves the straw that could break the Camel's back with another couple hundred billion in new costs that they've never --

I mean ever bit bigger better and doesn't look good in Massachusetts for economic growth right now. It is coming back slowly but surely would be investments were making an infrastructure. In the workforce development. Investments we're making. In the permanent go to allow businesses to to build blue room. A new buildings we -- We need time -- that the grown -- we don't have any new jobs in the future we're really going to be in -- shape as far as balancing the budget in the future we don't create jobs.

Al how you and members of the house deal with let's let's say for example that these loopholes would have provided -- 150 million dollars -- just grabbed a figure is no. No merit to it just used an -- so suppose that would have given you 250 million dollars in revenue. We do you propose to make that up UN members when you -- try to be you know put together your raw version of a balanced budget.

Well and -- Julio. Good friend as you know where he Perry had denied even regions. Trying to balance this budget. He's going for every line item line to Kong which look for. Deficiencies. And do something innovative with the budget goes have been able to balance. But inevitably. He's going to have to come up with some cuts. We have a two point one billion -- Really date on. Thanks to you that was created -- leadership many years ago. And though you know we if we have to. As we've done in the past couple years you know we would modestly going to account. Trying to balance the budget but you know that's going to be a -- year's report -- in the span. We're not going to be able balance the budget easily -- idea being the governor. That he needed to. Raise that money from businesses so that he can spend it on the proposals that you promised.

You know sell what jumped out of -- your comments. In today's globe. We're instructive. When we had the governor arrived here on -- he cited an Cranston neon survey. That port Massachusetts in what he characterized as. It advantageous competitive. Position. We responded back here that magazine likes CFO -- CEO had an entirely negative view an assessment and you chose to mention that CFO. Magazine ranking confusion is that you're kind of refresh my memory on the CFO standards and how Massachusetts compared to other states.

On message that Massachusetts is probably. 47. In what they call. Business friendly. Atmosphere with respect to taxes in the burden of taxes Latvia. CFO magazine says -- perk -- cap but Europe -- income. In Massachusetts -- we've -- very very very. Very low and business friendly environment and Adam and that is the kind of magazine that are agreed COO war -- you know across the country -- and that's the kind of thing that we want to change -- we have a very poor reputation. As you well know across the country you know work of the Biotech council. Are rugby friendly towards business so we we need to change our reputation here here in Massachusetts. And we need to create more jobs of people and we have a lot of business inhibitors. Here in Massachusetts housing costs. And it because and and although those are all about them. Permitting process regulation. All of that and a negative when it comes to a business is making a determination. -- expand -- create jobs here. Absolutely need to change them we don't change that reputation. Was certainly not going to have companies coming here wanted to create jobs.

It you know it's such a huge challenge Delaware you recite the different burdens in the reputation that we have. In when you say that we ranked 47 and CFO magazine you write the decision makers who make a decision. To either expand plant to ought to be relocated business to a particular state. It'd be much much better for Massachusetts that we were ranked seventh instead of 47. You want to be in the top ten certainly not enough. In the bottom ten. On that one putts and you make up through the point sell. I should say mister speaker in the in in the heat of the globe article. We talked about predictability. In business it is needing predictability. I think it's a huge point. That -- make. About that.

Predictability is one of many business industry leaders told -- and building needed. And and they say if you keep changing the tax burden tax -- your masters. Create more taxes on business. -- they're planning it for unified. You have any. -- needs to be -- And in the businesses don't like that they like that reliability. And no you know what is my tax burden here in Massachusetts. What are my costs and the associated recreating this expansion of business. You can't do it it's like moving into an office program and an expert -- that you movement summary -- went on -- They raise the rent them and you say well I've been budget there's rent increase. And to my business plan so I think it's but the important predictability. With the cost of doing business here in Massachusetts especially with the tax code I think -- I think the governor agrees or maybe we need to recall of -- career in Massachusetts. Analysts -- yesterday make it simple straightforward. Make it. In the above lawmaker predictable flow businesses to plan. Does mr.

The predictability is huge -- to stay with your example of moving into an office and then you know from the rent goes up and they never told you about it. And then the following year the utilities go up they never told you about it and then the next he has something else goes up and -- never told about it if in fact that's the reputation. That Massachusetts has you couldn't blame the CEO who says pace ally like it permanent legislation but. I'm not coming to a place where right -- look ahead five -- ten years in be able to tell my shareholders by border -- is what the heck the environment is going to be like.

Exactly. I agree look at -- and and that's the reason why it took bets that -- You know I understand. You know Governor Patrick is trying to do -- news Macromedia. -- balance the budget. But I want to I think whether you know this is a transition year I believe the economy here in Massachusetts. We in 2000 and watch them when we weren't for the acute recession should remember. We have -- most precipitous reduction and tax revenue was 14% ministry masters you know that consumers speaker of the so we we lost probably about 200000. 220000. -- we probably all just to get back about 60000. New jobs earned masters were probably. Under an audio or a 150000. Jobs. Lower -- where in 2001. So this recovery has been very slow. But we we we're still in recovery as far as I'm concerned hopefully we're not going in the wrong direction. So this year we're gonna there's going to be a good determining factor in my mind as to whether or not we're gonna grow jobs economies and prospered. A little and we're going to regress and the only thing that I think that this signals sent out of the -- yesterday. Is that you know disputes that businesses not to grow -- create jobs I think that's the worst that we could do as.

You know -- help but think does a great irony here at work while you are in opposition to what the governor has proposed in terms of these fees -- taxes loopholes. On businesses. He -- and yes today if I'd -- clearly and hero -- T hear clearly what business leaders is saying. He just against yesterday is likely to help. Deval Patrick's administration and specifically guys like Bob. Coughlin. And DN O'Connell the new secretary of economic development is likely to help them succeed in addition to go out and get those. 12131. -- of 40000 jobs that we yeah. That we lost since the high water mark of 2002001.

last year. You remember you were involved we have Bristol-Myers Squibb. Is coming here creating and so. That jobs that I high paying. -- and you know. By discussing with the business we it is. What Massachusetts can do. To attract them and what they look at them make good decisions who really should locate. And if you are Bob crop and a -- O'Connell you're going two Revis -- was trying to create jobs here Massachusetts. They got to look at -- saving appliances that for the third year grow you increase the corporate taxes why would we want to com news stability. There's no predictability. So why why would we -- Massachusetts what would you do to us you aria I housing cause I energy -- by the way we -- violent energy bill. Yesterday to to go -- clean renewable energies that we could be or at Digi. Efficiently Rosen energy independent. From all the other sources that equipment so and that's also. One of the things that we're going out -- we do held you know -- because health care costs also -- Massachusetts. So -- all of the high costs. Here in Massachusetts businesses at a difficult time. Either expanding -- inning -- I think what we need to grow. Massachusetts's economy by byte change your reputation and media. Are creating an atmosphere to businesses to create new.

You know Salem actually -- a little score scorecard here -- talk and I'm -- Barack while what do you folks had last year if you think of health -- check mark -- in check Mac. Economic stimulus check -- called dumb last GF. And then you filed an energy bill. Yesterday in -- in this this hot line with the governor on the business taxes. I think the business community must be stand to get a kind of rose reason hail -- to speak at the basic.

Well yeah you have. And the united not an awful lot about the business community by area having what we called a listening to. Bimbo honestly. And -- the Mike Roberts. Very good cheers. Business committees throughout most businesses. And I was well out of I called my Mark Twain -- because my ones. I never learned anything while -- stock in Islam so that should have listened to probably figured.

How high -- is an -- I remember the listening to us because at the Biotech cal we had somebody go and you -- to see Roderic Jimmy Leary who's now what the lieutenant governor. Guys like that -- to get some good guys and good gals. Who have really sober serious folks about business development. And I'm convinced you know bloody cough and a bit and I guess have been accused of making commercials farm here on my show but he's like a one man steals what he's fabulous he brings high energy good private sector experience. And he's got some serious plans with a good team Mobley with the secretary given the appropriate guidance and resources. I'm I'm keeping my fingers cross out because it's for a its from my kids as well as your kids that you know the success of the private sectoral make or break the future opportunities.

That's absolutely. Poppy crop land was an excellent choice I hated to lose him in the legislature it was always -- very sound -- the creation of jobs here Massachusetts. They're built fabulous job for us and Dan O'Connell does an absolutely great reputation for economic development in you know have made the most of in the administration. I'm working closely with them we're. Exchanging ideas appropriation. Jobs here in Massachusetts what type of jobs we can create here. And what we can do to entice people. -- create jobs.

Yeah. We both know what not to North Carolina -- you know this is it's global competition with -- Ireland and India Singapore China as well as all the other states -- like to comment takeout lunch hour.

We're gonna global economy we need that we need to compete. We've -- I get -- workforce educated for the right -- we don't compete with them respect to some equipment. China in yours do right now. And that's probably one of the reasons. I am looking -- and again and because they're so I European of the pipeline. We're trying to create. An atmosphere for people to change their minds about removable GO windows. Hydro. So we we. We need to get -- again later in Massachusetts. That the makers make themselves competitive with the rest of the world. In the rest of the country Oklahoma Carolina. I mean it's housing is cheap energy is cheap there. Immoral and it permitting us. Much faster them -- maybe there's something that they three months. And North Carolina to. To permit a building to get a shovel in the ground here could take -- for years and why would any of the companies wait that long slow. We have via direct and master.

Let's Elena you have a crazy schedule a full full appointment book and like we're gonna let you go out just a couple of things first of all we wanted to say thanks for coming on our.

Congratulations see -- doing a great job reported Salomon's normally I get up.

Mark. A second well done stand -- up on this thing I've been and it's since day one and a bit try to provide of these support we -- for Deval Patrick he's been going through a tough road but on this these these business proposals I think he's off the job and it's and I'm glad to see you stand up. Three combat with a sometime on not the energy stuff you file I know it's complex and others a lot of detail. But you know whole world to tune in and -- the dull a new way of providing energy and what a great economic opportunity for massachusetts' fourth when he come back and going to convince you to take some questions and some -- from some folks I know you gotta go.