Editor,
The Maine Earned Income Tax Credit is commonsense tax policy that recognizes and rewards work and makes it easier for low-income Mainers to make ends meet. That benefits individual families and our entire economy.
Maine’s EITC is among the smallest in the country, and this expansion is long-overdue. LD 1671, as amended by the Taxation Committee, will more than double the credit for working families and benefit roughly 100,000 Maine households. It will also make our lopsided tax code, in which the wealthiest pay less than any other group, a little fairer for working families.
This bill pays for itself by closing a loophole that allows multi-state corporations operating in Maine to pay lower taxes than our Maine-based companies that do business only within state borders.
ECEP endorses this commonsense tax reform bill and urges the Legislature to enact it this year.
Sarah Austin
Maine Center for Economic Policy
Comments are not available on this story. Read more about why we allow commenting on some stories and not on others.
We believe it's important to offer commenting on certain stories as a benefit to our readers. At its best, our comments sections can be a productive platform for readers to engage with our journalism, offer thoughts on coverage and issues, and drive conversation in a respectful, solutions-based way. It's a form of open discourse that can be useful to our community, public officials, journalists and others.
We do not enable comments on everything — exceptions include most crime stories, and coverage involving personal tragedy or sensitive issues that invite personal attacks instead of thoughtful discussion.
You can read more here about our commenting policy and terms of use. More information is also found on our FAQs.
Show less