Saturday, April 4, 2015

Why a former mayor and state lawmaker threw a jar of Vaseline at Maine's GOP governor

It's all about GOP Gov. LePage's plan to cut $300 in taxes from Maine's budget by lowering corporate taxes and increasing sales taxes. The Bangor Daily News described a controversial aspect of the governor's new personal income tax rate brackets:
While taxing the middle tax bracket a higher percent than the top tax bracket seems to subvert the historically progressive nature of the income tax, a conservative think tank in Washington, D.C., which released its analysis of the LePage budget before it was made public says the strategy is intended to counterweight the benefits of the tax-exempt bracket.

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