Comments on: Proposed Maine standards for business tax credits draw questions, warnings http://www.pressherald.com/2015/04/23/bill-would-set-standards-for-businesses-receiving-tax-breaks/ Tue, 29 Nov 2016 04:02:00 +0000 hourly 1 https://wordpress.org/?v=4.8.3 By: kennebunkportindependent http://www.pressherald.com/2015/04/23/bill-would-set-standards-for-businesses-receiving-tax-breaks/comment-page-1/#comment-11716 Fri, 24 Apr 2015 13:54:00 +0000 http://www.pressherald.com/?p=627791#comment-11716 It is a moot point. There are few large out-of-state businesses, that offer well compensated jobs, that intend to move to Maine. The state is expensive to do business in, and let’s be frank: it is at the northeast corner of the country, and leads nowhere except Canada and northern NH – and the sea.

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By: bootjack http://www.pressherald.com/2015/04/23/bill-would-set-standards-for-businesses-receiving-tax-breaks/comment-page-1/#comment-11655 Fri, 24 Apr 2015 11:47:00 +0000 http://www.pressherald.com/?p=627791#comment-11655 Why does the state of Maine have to prostitute itself to attract business? To get into the tax credit business IS bad business because it never stops. It’s a race to the bottom if you will, because all states get into the game and predatory businesses play one against the other to extract more booty.
The state should eliminate refundable tax credits not double them. That would merely bring it in line with the Federal program which also has flaws.
But looking at it more broadly why have such a program in the first place? Maine already has done away with the equipment tax. Towns and cities almost always offer TIFS for new business development. Perhaps we should offer a free car and home o the water for the CEO?
We would do better putting our tax dollars into making the fundamentals for business development are in place. A trained work force. Reliable internet. Good roads. Lower cost energy. All of these are important to businesses trying to start and grow.
And maybe that’s what we should focus our economy on in Maine. Instead of trying to attract Fortune 500 companies allow our home grown and New England businesses to grow and expand here.

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By: reed1v http://www.pressherald.com/2015/04/23/bill-would-set-standards-for-businesses-receiving-tax-breaks/comment-page-1/#comment-11652 Fri, 24 Apr 2015 11:40:00 +0000 http://www.pressherald.com/?p=627791#comment-11652 Standards can be changed to meet the changing needs of the times.

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By: Mackenziella http://www.pressherald.com/2015/04/23/bill-would-set-standards-for-businesses-receiving-tax-breaks/comment-page-1/#comment-11649 Fri, 24 Apr 2015 11:35:00 +0000 http://www.pressherald.com/?p=627791#comment-11649 “Quality jobs” is already in the text of corporate welfare legislation. That means jobs that pay higher than average wages . The only way quality is measured by our legislature is in dollars ! Those providing the “qualaity jobs” in the designated areas- mostly military develiopment zones transformed into municpal corporations governed by the state, can recieve 100 % corporate and personal income tax exemption and an up to 80 % tax credit for corporate payroll tax to be shifted to the rest of the economy. Since “quality jobs” are required to recieve corporate welfare and those jobs must pay higher than average wages for the area – that means that the rest of the economy has to pay their own pauroll taxes and their fair shair of corporate welfare payroll taxesm which will be the highest payroll tax bills in the state by definition !

With corporate welfare programs being concentrated in small areas such as the state governed towns of MRRA and Lorring- and since each new corporate welfare recipient nust provide jobs paying higher than average wages in those towns, the pay in those towns will keep excalating meaning the payroll tax bills shifted to the rest of the economy will keep getting larger and the middle will keep sinking to the bottom and the gulf between the rich and the rest of the economy will keep on increasing.

This is a phoney, irresponsible response to the corruption that Maine;s corporate welfare programs invite being publicly exposed.

The creators of the New Markets Tax Credit did not introduce refundable tax credits to Maine- it is the fact that the entire corporate welfare system of Maine uses refundable tax credits along side tax exemptions that made Maine into a target for corruption from outside the state-corruption is built into the system using phoney “fairness” thinking such as we see here.

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By: bootjack http://www.pressherald.com/2015/04/23/bill-would-set-standards-for-businesses-receiving-tax-breaks/comment-page-1/#comment-11647 Fri, 24 Apr 2015 11:22:00 +0000 http://www.pressherald.com/?p=627791#comment-11647 Doubling the refundable tax credits is an insult to our intelligence. The public should be irate about this especially in light of the situation with Cate St. Capital.

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By: Mackenziella http://www.pressherald.com/2015/04/23/bill-would-set-standards-for-businesses-receiving-tax-breaks/comment-page-1/#comment-11642 Fri, 24 Apr 2015 11:17:00 +0000 http://www.pressherald.com/?p=627791#comment-11642 The standards already exist in the corporate welfare programs- This bill is pure pretence !

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By: Mackenziella http://www.pressherald.com/2015/04/23/bill-would-set-standards-for-businesses-receiving-tax-breaks/comment-page-1/#comment-11640 Fri, 24 Apr 2015 11:16:00 +0000 http://www.pressherald.com/?p=627791#comment-11640 Have the legislators who have come up with this bill read the current tax incentive programs which require the employee to provide higher than average wages for the area and el primo benefit packages in order to recieve corporate welfare benefits in Maine ?

This bill is pure politcal postering- saying lets continue to do as we always have done ! EXCEPT that the committee is now reccommending that we double the limit on refundable tax credits which is the real culprit!

A bill written in honesty as a response to the recent ly publicized mill scandal would be calling for a ban on refundable tax credits !

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By: reed1v http://www.pressherald.com/2015/04/23/bill-would-set-standards-for-businesses-receiving-tax-breaks/comment-page-1/#comment-11629 Fri, 24 Apr 2015 11:00:00 +0000 http://www.pressherald.com/?p=627791#comment-11629 If you want to take taxpayers’ monies, which credits really are doing, then you should be prepared to accept taxpayers’ standards of conduct. Fair is fair.

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By: Soctt Sullivan http://www.pressherald.com/2015/04/23/bill-would-set-standards-for-businesses-receiving-tax-breaks/comment-page-1/#comment-11593 Fri, 24 Apr 2015 01:50:00 +0000 http://www.pressherald.com/?p=627791#comment-11593 “estimated that 120 percent of the statewide average would be $19.55 an hour.”

I’m not really interested in “estimates” in this case. Isnt the statewide average pay something that the Maine DOL should know quickly and easily. It does seem that this bill might be a bit of an over reach. Why not hire the attorneys at Pierce Atwood to figure this out and come up with legislation that would “thwart” the type of “investment” that got us into this mess. It seems to me that they are very good at creating legislation … For who ever happens to be paying them at that moment.

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By: hellosopo http://www.pressherald.com/2015/04/23/bill-would-set-standards-for-businesses-receiving-tax-breaks/comment-page-1/#comment-11577 Fri, 24 Apr 2015 00:42:00 +0000 http://www.pressherald.com/?p=627791#comment-11577 It seems, not surprisingly, that the business community is trying to confuse the issue. It sounds like LD 1287 is just trying to assert some sanity into this process and stop Wall St from ripping us off again. In response, all the Chamber of Commerce can do is start a campaign of fear, uncertainty, and doubt as if losing out on future scams like Cate Street would somehow be detrimental to our state. (Is there some reason why vapid groups like the Chamber are never expected to explain the details of their dire forecasts?) Then the Retail Association of Maine wants to start a totally different conversation about seasonal small businesses that probably do not seek out these tax breaks anyway.

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