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October 18, 2013 / needhamgrassroots

Out of Whack Outrage: Unions vs Corporate Giveaways

corporatewelfarevia Joan Vennochi — The Boston Redevelopment Authority just approved a $7.8 million tax break for Millennium Partners, the developer of the former Filene’s property. State Street Corp. got an $11.5 million tax break to construct an office building on the South Boston waterfront. And Vertex Pharmaceuticals got $12 million in tax breaks over seven years in exchange for moving from Cambridge and constructing a $1 billion headquarters on Fan Pier. To build a $300 million Back Bay office tower, Liberty Mutual got tax breaks and credits worth $46 million and still found it necessary to cut back on retirement plans and other employee benefits.

Those are just a few examples. Add up all the corporate tax breaks and Boston walks away from truckloads of revenue in the name of jobs and economic development. It’s money that could be used to pay police, firefighters, and teachers. But there’s no outrage over those giveaways and so far they’re not an issue in the race to become Boston’s next mayor.

No, the outrage is all about the police contract, the school bus driver strike, and candidate Martin J. Walsh’s ties to organized labor.


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