Saturday, February 7, 2015

Preserving The American Political Philosophy: 2013 Maine Municipalities Warned to Tighten their Belts as Seed Capital Tax Credit Expands Eightfold

This Post is largely taken from a time line I created of Maine state statutory history. It shows how in 2013 Governor Lepage of Maine started warning municipalities that they would have to tighten their belts because he was choosing to get rid of municipal revenue sharing to cover a $200 million budget gap. The same year the legislature passed an eight-fold increase in the Seed Capital Tax Credit which refunds up to 60% of private investments. In addition the legislature passed a bill to advance corporations tax credit for workers not yet hired and another bill to "temporarily" increase the sales tax. Now it is 2015 and Lepage's budget proposes eliminating municipal revenue sharing and increasing the sales tax, because he tells us, he is going to eliminate the income tax.

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