I would like to take exception to Andy Wright’s Maine Voices column in the July 2 Press Herald (“Columnist took Democrats to task, but their priorities are the right ones”).

He states that three years ago he received state financial assistance to expand his business from 12 employees to 50 and wants to expand, again, but was told no state funds exist to help him.

He further states, “I’ll be one of those who receive a big tax cut and like most others who receive this newfound money, I will save it.”

In other words, he will be getting a business tax cut that he will save but wants more of my taxes to expand his business.

Why does this not make sense to me?

Does Mr. Wright not understand that his personal “big tax cut” is for the purpose of funding his own expansion instead of asking me to do it for him?

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After all, a cut to the business tax rate increases his bottom line, but he expects to save it (his words, not mine) rather than reinvesting in his own business, expecting me (the taxpayer) to fund his expansion. Now, he is upset that the state does not have money to give to him.

Does not the basic business model hold that a portion of profits should be reinvested in the business in order to expand it if the marketplace demands more of that product?

He further states that there is “not a shred of proof that giving tax cuts to the wealthy creates jobs,” and he wants to create jobs — but he cannot see that a cut to his own tax rate frees his own capital to create those same jobs.

He would rather save his money, while asking me (and other state taxpayers) to fund his expansion.

How very liberal of him.

 


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