April 17, 2018

Maine Center for Economic Policy: Comparing the Democratic and GOP tax bills

ITEP Work in Action

Because of the federal tax overhaul spearheaded by President Trump and Congressional Republicans, the Maine Legislature is considering two competing proposals to change its own tax code. Lawmakers face a stark choice: Will Maine double down on the lopsided tax policy set at the federal level, which favors those at the top at the expense of most Maine households? Or, will the state take steps toward rebalancing the tax code and protecting the resources needed to support thriving communities?

Maine’s legislative Republicans, following in the footsteps of the Republican Congress, want to go down the path that favors the few at the expense of the many. Their plan would give Maine’s wealthiest families and most profitable businesses even more benefits, on top of those they’ll already claim under the new federal law.

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