Action Update on LD 553, Employment-at-Will: Maine’s business community remains strongly opposes LD 553
LD 1524 increases the estate tax on Mainers who pass on assets to children by lowering the estate tax threshold from $5.6 million to $2 million. Increasing the estate tax is simply bad tax policy. This bill punishes the hard work and success of Mainers, and the economic future of their children!
Please Contact Your Legislators Today And Urge Them to Oppose LD 1524!
Maine’s business community is rallying together again – this time on troubling legislation that seeks to reform Maine’s unemployment insurance system without active input from Maine employers.
WE NEED YOUR HELP TODAY!
Please contact your legislators immediately.
LD 498 punishes the hard work and success of Maine families, threatens Maine jobs, investments, and economic growth
CALL YOUR LEGISLATORS TODAY and urge them to oppose a 3% tax on individual income in Maine
LD 498, An Act to Reauthorize a 3 Percent Tax on income Over $200,000 To Lift All Maine Workers out of Poverty, threatens to stifle Maine’s fragile economy. Increasing Maine’s individual income taxes will impact jobs and investments, and will ultimately shrink, not grow, Maine’s economy. This bill punishes success and those who work hard to achieve it. This bill will hurt small businesses that have already been hit hard by the pandemic. In Maine, approximately 80% of businesses are established as LLCs, partnerships, or S-Corps. In those instances, the income from the business flows through to the individual taxpayer(s), and he or she is responsible for paying the income tax directly. The Legislature has consistently lowered the top individual income tax rates since 2011. Any increase would be a step backwards, and Maine cannot afford that!
Passage of LD 920 will have a chilling effect on broadband expansion in Maine
As amended, LD 920, An Act To Promote Oversight of and Competitive Parity among Video Service Providers, would make video service providers and streaming services delivered over the internet a “public utility,” subject to the multitude of regulations that currently cover gas, electric, and water companies. Passage would result in a sea-change in Maine law and add costly new fees to cable customers’ monthly bills, making recovery from a difficult year even more challenging. What’s worse, this preemptive fee could make Maine vulnerable to costly litigation, further burdening taxpayers. And that’s not all - the bill discriminates against providers of streaming services that are investing in critical broadband infrastructure for the state of Maine.
Maine Jobs and Recovery Plan aligns investments with the 10-year Strategic Plan and the recommendations of the Economic Recovery Committee
On Wednesday, June 9, Dana Connors, president of the Maine State Chamber of Commerce, presented the following testimony in support of LD 1733, An Act To Provide Allocations for the Distribution of State Fiscal Recovery Funds, before the Joint Standing Committee on Appropriations and Financial Affairs. We are reprinting it here for your review and consideration.