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The Boston Globe

Business

Proposed tax increases a concern for Mass. businesses

For much of the past several months, local businesses have had their eyes on Washington, as Congress and the Obama administration faced off in one showdown ­after another. But as federal officials lurch from fiscal cliffs to sequesters to debt ceilings, big issues with big stakes for Massachusetts businesses are being debated in the Legislature.

With the economy recovering and state finances stabilizing, many in the business community expected a relatively quiet session on Beacon Hill this year. But those expectations were dashed when Governor Deval Patrick proposed $1.9 billion in tax increases — including about $500 million in new corporate taxes — to help pay for education, transportation, and other state programs.

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