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Yesterday's Worry is Today's Problem - New Tax May Mean Job Loss In MA

The Boston Globe made the point yesterday in an article by Jay Fitzgerald, that the medical device industry in MA will be changed by the new health care package. The companies that have been making their devices in MA, may have to move their operations out of the state in order to stay competitively priced.

New taxes that come from the latest vote in Washington, were possible early yesterday, and now are definite after the vote later in the day.  The manufacturing companies may try to pass on the new fees to customers, but that will affect sales. how much affect it will have is still to be seen.

Of course if jobs start leaving the state, that means real estate will be affected. As the contents of the latest paperwork from the government are finally read, many parts are surprising. This is one part, like the elimination of student loans(?), that seem to be less than useful. Hold on for the ride, because it seems like we just left the gate.

 

Heath Coker, Associate Broker
Robert Paul Properties
www.CapeGroup.com / capegroup@capegroup.com
508-274-5613  Licensed in MA
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@CapeGroup  Skype: heath.coker

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