The law increasing the Massachusetts sales tax from 5- to 6.25-percent has entered into effect.
Lawmakers said the extra revenue gained from the tax increase was needed to prevent deeper budget cuts.
Some worry that small businesses in Massachusetts will take a big hit in the competitive field of retail sales, with a tax-free New Hampshire close by.
“Five percent was bad enough and we would have to compensate the difference in our margin of profit. But now we’re going to have to start eating more of our profit in order to take care of our own customers,” Dick Dube said.
Massachusetts and California were the only two states to raise the sales tax in during this tough economic year.
Oh Well who cares about small businesses, Obama does not!