The tax conformity debate in the State House boils down to this: Democrats are fighting against an unproven tax giveaway that would come at the expense of Maine students and taxpayers. Democrats and Republicans are in complete agreement that Maine should fully conform to the federal tax code for the next two years. We are delighted that Republicans can agree with President Barack Obama and other Democrats that the middle class and small businesses deserve the tax breaks in the federal tax code.
We’re glad they’re on board with adding mortgage insurance to the mortgage interest deduction, making higher education and child care more affordable and providing deductions to teachers who use their own money to provide supplies in their classrooms. We’re glad that they recognize the importance of incentives for small businesses like mom-and-pop ice cream parlors and flower shops and for Mainers who make a living as plumbers, carpenters, fishermen and loggers.
Republicans and Democrats part ways on a questionable tax break called the Maine Capital Investment Credit.
Read The Complete Op-Ed Here:
http://www.centralmaine.com/2016/02/16/tax-breaks-hurt-maine-students/
We’re glad they’re on board with adding mortgage insurance to the mortgage interest deduction, making higher education and child care more affordable and providing deductions to teachers who use their own money to provide supplies in their classrooms. We’re glad that they recognize the importance of incentives for small businesses like mom-and-pop ice cream parlors and flower shops and for Mainers who make a living as plumbers, carpenters, fishermen and loggers.
Republicans and Democrats part ways on a questionable tax break called the Maine Capital Investment Credit.
Read The Complete Op-Ed Here:
http://www.centralmaine.com/2016/02/16/tax-breaks-hurt-maine-students/
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