Gov. Paul LePage wants a Maine that’s more competitive. He wants to attract more corporate investment to spark job growth. He wants to entice more people to move to Maine, and he doesn’t want Maine’s wealthiest to have a reason to decamp and declare their residency elsewhere. He wants a modern tax system for a modern age.
The plan relies to a dangerous extent on unproven and even disproven thinking about people and businesses’ behavior in reaction to tax policy. It relies on misconceptions about job growth and even about Maine’s tax system. While LePage’s tax plan includes a few beneficial changes, it would be unwise — indeed, dangerous — for lawmakers to enact the plan in its entirety…. READ MORE