Fairness, opportunity, and responsibility guide Seth's tax and spending decisions (Blog 6/17, 2/11)
Maine's
newly enacted tax reform will enhance economic development, increase revenue stability, reduce Mainers'net tax burden by more than $57 million, and do all
of this fairly.
Coupled with spending cuts in the current budget, tax reform will help move Maine from among
the most taxed states to the middle of the pack. And unlike spending cuts, tax reform puts money in Mainers'
pockets with no adverse impact on schools, roads and other public services.
This win-win reform is made possible through a broadening of
the sales tax base to include several sales and services taxed in other states, but not previously taxed in Maine. Since
visitors pay some sales tax but no income tax, the net effect is that our visitors pay slightly more, while we Mainers pay
slightly less. Since other destination states generally tax tourism at higher rates, Maine's tourism will remain
strong.
Seth encourages you NOT to sign the Republican party's petition to repeal this tax reduction, but instead
to carefully examine the details. More than 85% of Mainers, atall income levels, will be better off under the new
plan.