Tisei said federal tax policy and regulations are inhibiting job growth. For tax policy, he said he would allow corporations to bring profits parked overseas at a lower tax rate, say 20 percent, than the normal 35 percent in order to bring that money back to the United States. He also would eliminate a number of corporate tax deductions and reduce the rate.
According to the Federal Election Commission, Tisei closed out 2013 with nearly $395,000 cash. Tisei’s campaign said it raised nearly $435,000 at the end of 2013. Tierney finished 2013 with about $709,000.
Tisei said he would agree to a promise similar to the famous People’s Pledge between Scott Brown and Elizabeth Warren in the 2012 U.S. Senate race, where any spending by outside groups in the race would lead to a campaign donation by the candidate who benefited. However, political action committees, such as labor groups that support Tierney, would also have to be counted, Tisei said.
Tierney will face at least three challengers for the Democratic nomination: Iraq war veteran Seth Moulton, immigration lawyer Marisa DeFranco and Woburn resident and political newbie John Devine.