In Tax Policy, Reform Must Mean Reduction

Summary


Instead of working to 'export' taxes, the state should simply lower them

The Legislature's Taxation Committee has proposals before it with the title "Tax Fairness Plan," an outline for tax reform that is predicated on the misguided theory of "tax exportability," espoused by the recent Brookings Institution report, "Charting Maine's Future."

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In Tax Policy, Reform Must Mean Reduction

The proposals include cutting the income tax rate to 6 percent, which would come at a taxpayer cost of lost deductions. This means more people will pay more ta...

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