We've reached the point in the Tax Committee hearing where the Chamber of Commerce rolls up with the same fake talking points they use every time anyone proposes asking the wealthy to pay their fair share.
1. Tax flight is a myth. Wealthy people have deep roots, and study after study prove that taxes don't drive interstate relocation. Here's one from Maine. #mepoliticsmecep.org/wp-content/upl…
3. In fact, the opposite is true. States that raised taxes do as well or better than neighboring states, including those that cut taxes. #mepoliticscbpp.org/research/state…
I could go on and on. The real question: Will The Chamber ever update its disproven talking points?
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1/ It's tax conformity season again. Here's some info and context.
First, and most important: What is conformity? It's a question every state must tackle, about whether to adopt changes to federal tax law in their own, state-level tax codes. #mepolitics
2/ Some states have "rolling conformity," in which federal changes are automatically made to state taxes unless the Legislature votes not to make them. Maine doesn't do this. We have purposefully chosen to make our own decisions about our own tax code, every year.
3/ We assess federal changes, debate whether they make sense for Maine, and only adopt those changes to our own tax laws (or "conform") if a majority of the Legislature votes to. This is a good approach, because ...