A trio of bills in the works in Augusta could potentially see Maine’s wealthy residents and corporations pay more in income taxes.
The bills would require Mainers who earn over $1 million and corporations that earn over $3.5 million to pay slightly higher taxes, and would also see tax brackets adjusted.
Democrats like U.S Senate Candidate Graham Platner have been largely supportive of the efforts.
“We need that wealth. We need to pull it back in. We need put it in the social programs that are going to uplift every single American” Platner told CBS 13.
On the other side of the aisle, Republicans want Gov. Janet Mills to veto them out of concerns that rich Mainers or corporations may leave the state.
“Every single budget we have, the first thing they talk about is raising taxes. It’s not stable,” Senator Bruce Bickford said. “The governor can veto these; I hope she does”.
None of the bills are law yet and all three are still under review by a committee.
To read the original CBS 13 article, click here.
