Republicans say aligning state income taxes with the new federal code will improve the business climate, but Democrats are way of a ‘cut first, ask questions later’ approach that could sharply reduce revenues for state services.
taxes
Posted inLocal & State, News, Politics
LePage plan to align Maine taxes with federal law spurs debate
Supporters of the governor’s proposal say the new tax breaks will boost the economy, while opponents say the changes will mostly benefit the wealthiest Mainers.
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Posted inEditorials, Opinion
Our View: Expensive tax overhaul wrong move for Maine
Lawmakers should not use federal tax changes as an excuse to blow up the next state budget.
Posted inBusiness, Nation & World
Outlook for growth of world economy gets even rosier
The OECD raises its global expansion forecast to 3.9 percent in 2018 and 2019, partly crediting the U.S. tax cuts.
Posted inBusiness, Politics
Stock market investors no longer feeling immune to Trump’s actions
They can’t brush aside politics when changes such as steel tariffs and tax reform start affecting corporate profits.
Posted inEditorials, Opinion
Our View: Companies, shareholders reaping most of the benefits from federal tax cut
Meanwhile, lower- and middle-class Americans see only a slight increase in take-home pay.
Posted inBusiness, Local & State, News, Politics
Legislative panel backs $60 million in tax incentives for BIW
The controversial proposal would require the shipyard to meet investment and employment benchmarks.
Posted inOp-eds, Opinion
Commentary: Instead of fee on efficient vehicles, Maine should overhaul highway funding system
The annual surcharge idea is flawed in numerous ways. How about charging based on vehicle miles traveled?
Posted inLocal & State, News, Politics
Controversial bill to give BIW tax credits stalls in State House, extending foe’s food strike
A legislative committee appears to favor the $60 million in incentives but delays a vote on the 16th day of an activist’s liquid-only diet.
Posted inNation & World, News, Politics
Jeffrey L. Bell, early architect of Reaganomics, dies at 74
He was remembered not for his losses at the polling booth but for the conviction that Americans needed vastly lower taxes.