Editor,
Maine is a small business state. While not perfect, the recently proposed federal tax reform benefits small businesses by allowing them to keep more of their earnings here to spur economic growth, hiring, higher wages.
For these reasons, Senators Collins and King should support federal Republicans tax bill: “The Tax Cuts and Jobs Act.”
As President and founder of Sterling Rope, a manufacturer in Biddeford, I have seen what too much taxation and regulation have done to small businesses. Maine small businesses are subject to a top federal marginal tax rate of 40 percent, sending much of the state’s hard-earned profits to D.C., and leaving little incentive or ability to grow businesses here.
The proposed small business tax cut to 25 percent would mean more money stays local, and invested in Maine businesses and employees, reinvigorating Main Streets.
This is not a partisan issue. In Maine, a rising tide does indeed raise all boats.
Carolyn Brodsky
President, Sterling Rope Co., Inc.
Biddeford
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