Maine Center for Economic Policy: Eliminating Maine’s income tax: A boon to wealthy Mainers, will hurt everyone else
ITEP Work in ActionTwo weeks ago Governor LePage notified lawmakers of his intention to amend Maine’s constitution to eliminate the state’s income tax by 2020. This may mean the governor has thrown in the towel on his budget proposal that significantly reduces Maine’s income tax and pays for it by increasing sales and property taxes. The response to the governor’s original tax plan among members of his own party has been tepid at best, and now that Democratic lawmakers have stolen some of the governor’s thunder with their A Better Deal for Maine plan, he seems eager to reclaim center stage with this latest gimmick which members of the legislature’s joint committee on taxation will hold public hearings on tomorrow.