Maine Policy Statement on Revenue Projections, Upcoming Budget Talks
PRESS RELEASE
FOR IMMEDIATE RELEASE
April 28, 2023
Contact: Jacob Posik
Director of Communications
Office: 207.321.2550
Maine Policy’s Statement on RFC Projections, Upcoming Supplemental Budget Negotiations
Lawmakers should use revenue in supplemental budget to provide all hardworking Mainers with income tax relief.
PORTLAND, Maine – Maine Policy Institute CEO Matthew Gagnon issued the following statement in response to the Revenue Forecasting Committee projections and statements from Gov. Janet Mills on how surplus revenues should be allocated in the upcoming supplemental budget:
“The Governor and lawmakers can rework the Pine Tree Development Zone program all they want, and call it whatever they want, but it doesn’t change what the program fundamentally is–corporate welfare.
“In the absence of a competitive economic environment, Maine businesses want tax incentives for taking risks, creating jobs, training employees, and making investments. Instead of misallocating state resources with poorly targeted credits and other so-called ‘incentives,’ the answer is to foster an economic environment that welcomes investment and job growth in the first place.
“Republicans should hold firm on income tax cuts for everyone and make Democratic leadership squander the surplus on corporate welfare rather than provide real, structural tax relief to all Mainers.”
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Maine Policy Institute is a nonprofit, nonpartisan organization that works to expand individual liberty and economic freedom in Maine. Learn more about our work at www.mainepolicy.org.