GOP Tax Bill Would Provide Small Business Relief
Maine is a small business state. While not perfect, the recently proposed federal tax reform benefits small businesses by allowing them to keep more of their earnings here to spur economic growth, hiring, higher wages. For these reasons, Senators Collins and King should support federal Republicans tax bill: “The Tax Cuts and Jobs Act.”
As President and founder of Sterling Rope, a manufacturer in Biddeford, I have seen what too much taxation and regulation have done to small businesses. Maine small businesses are subject to a top federal marginal tax rate of 40 percent, sending much of the state’s hard-earned profits to DC, and leaving little incentive or ability to grow businesses here. The proposed small business tax cut to 25 percent would mean more money stays local, and invested in Maine businesses and employees, reinvigorating Main Streets. This is not a partisan issue. In Maine, a rising tide does indeed raise all boats.
Carolyn Brodsky,
Biddeford
Tax Bill Worries AARP
On behalf of 230,000 AARP members in the state of Maine, I am writing with great concern regarding the latest version of the Senate Tax Bill. Congressional leaders are trying to rush this bill into law and there are several aspects of the bill which would have dire consequences for millions of Americans including thousands in the state of Maine.
First of all, the bill would slash billions of dollars from Medicare funding, starting as soon as next year. In fact, the bill would cut Medicare by $25 billion dollars in 2018 alone and pave the way for more cuts down the road. These cuts mean that older Mainers could lose access to the doctors they know and trust. It means hospitals would be forced to make tough cuts. It means millions of Americans who’ve earned their Medicare benefits could be turned away from care.
Medicare is a promise made to the American people — not a tradeoff for tax cuts. Efforts to make the tax code fairer should not come at the expense of Medicare.
The Senate bill would also eliminate the current heath care coverage requirement or individual mandate. This would cause a spike in health insurance premiums by an estimated 10 percent. As a result, 13 million Americans, including thousands of Mainers, would lose their health insurance.
AARP opposes the tax bill in its current form because it is unfair to older adults and to people living on fixed incomes. All concerned Mainers should contact Senator Susan Collins at 1-844-502-4371 and ask her to vote no. We urge both the Senate and the House to reach a bipartisan solution that protects older Americans and makes the tax code simpler and easier to understand.
Rich Livingston,
AARP Volunteer
State President
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