Comments on: Maine leaders want changes to tax-credits program Tue, 29 Nov 2016 04:02:00 +0000 hourly 1 By: mghmaine Wed, 22 Apr 2015 21:02:00 +0000 Here’s an idea: no tax credits. Everyone should pay their taxes. Companies may be attracted by a better business climate in terms of fewer regulations and even lower business taxes; but the ability to waive taxes payable by others should not exist.
Here’s another idea: stop trying to achieve a particular social or economic outcome and let things rise or fall in the economy and in society. Call this approach ‘liberty”.

By: yellowkid49 Wed, 22 Apr 2015 20:28:00 +0000 “The rich get rich while the poor get poorer,” I guess it’s nothing new.

By: Mackenziella Wed, 22 Apr 2015 14:39:00 +0000 The legislature seems to be soft peddling this scandal by placing the blame on the mill but the thing about refundable tax credits is that they mandate the taxpayers to refund a percentage of the investment no matter what. If the mill were to be highly profitable the taxpayers would still owe the investors 39% of their investment . Try to find an investment deal like that in the private sector which is an investment partner who asks for no share in the profits- its called socializing the risk and privatising the gain- or you could just call it a racket ! The legislature feels unquestionably entitled to make this kind of a deal using other people’s money. All they have to do is to come up with some economic rhetoric to justify it- there is no one to argue against it because the ones who are supposed to be representing the taxpayers in this deal are the same ones using the tax payers as pawns in the game.

By: Thistle Wed, 22 Apr 2015 13:32:00 +0000 Sorry, but I disagree.

These people hold themselves out as the conscience and the surrogates of the people. They have an obligation to understand what they are passing into law. If they don’t understand – or if they could not explain it to one of their constituents over coffee – they have no business being in office.

Additionally, the state, presumably, employs any number of experts in various roles who could have been asked to provide analytic support to the legislature. If they were used and recommended approval of this scan, they need to be shown the door.

By: Micheal Conservative Wed, 22 Apr 2015 12:58:00 +0000 I wonder how much LePage was paid in this deal?

By: bootjack Wed, 22 Apr 2015 11:34:00 +0000 We have a citizen legislature as the founders intended for good reason. I doubt that they envisioned the state government prostituting itself to create work for people. In those days people did for themselves without expecting the government to do it for them. That’s what built America.

The Legislature has a variety of people from different backgrounds. All have something to offer. But these types of issues are highly specialized and to think a diverse group like the Legislature will fully understand is absurd.
The simple thing would have been to just replicate the Federal program. Why rebuild the wheel? That would have eliminated the refundable credits.
If Cate St. didn’t bite then move on. The paper industry is all but dead or located in China anyways. Why not put the money into retraining workers and helping them relocate? IF we were obligated at all to do anything.
We don’t need professional legislators. We already have too many. What we need to do is leave the business of business to the businesses.

By: Mackenziella Wed, 22 Apr 2015 10:44:00 +0000 The slogan that sells is that the government is “creating jobs” for us ! Unproven rhetoric at best ! The public needs to stop approving all the bonds that are sold to us with those few little words- its a cover !

As for having no clue ! How could they not- the claim was that the legislature did not know it was a refundable tax credit ! How could he not know that? What tax credit in Maine isn’t a refundable tax credit!

By: bootjack Wed, 22 Apr 2015 10:26:00 +0000 How about repealing the program? There are very few examples that this program has done anything but cost the state money.
At minimum the program should shadow the federal law and tax credits should NOT be refundable.
Who cares what other states are doing? If the result of repealing the refundable credits means a business locates elsewhere then Maine is probably better off without that predatory business.
A business closes, you lose your job and can’t find a similar one? There’s a few choices. Start your own business. Move to a place there are jobs. Get retrained and get into another field of work. Gainers have been doing all these things for many many years. Why should state taxpayers be responsible for your employment?

By: Thistle Wed, 22 Apr 2015 01:03:00 +0000 So, low information voters send low information representatives to Augusta. I applaud Kevin Miller’s work, but where is the real news here?

Voters want their choices condensed to a slogan. Politicians are more than happy to oblige. Get prepared for “Republicans are misogynists” to be droned over and over like Gregorian Chant for the next sixteen months.

Meanwhile, law firms like Pierce Atwood write the bills that their clients direct them to write and present them to the legislators who have no clue about the proposed law’s effects and Maine’s tax and rate payers are scammed for hundreds of millions of dollars.

Is this a great country, or what?