Republicans say aligning state income taxes with the new federal code will improve the business climate, but Democrats are way of a ‘cut first, ask questions later’ approach that could sharply reduce revenues for state services.
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Posted inLocal & State, News, Politics
LePage plan to align Maine taxes with federal law spurs debate
Supporters of the governor’s proposal say the new tax breaks will boost the economy, while opponents say the changes will mostly benefit the wealthiest Mainers.
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Posted inBusiness, Nation & World
Outlook for growth of world economy gets even rosier
The OECD raises its global expansion forecast to 3.9 percent in 2018 and 2019, partly crediting the U.S. tax cuts.
Posted inBusiness, Politics
Stock market investors no longer feeling immune to Trump’s actions
They can’t brush aside politics when changes such as steel tariffs and tax reform start affecting corporate profits.
Posted inLocal & State, News, Politics
Controversial bill to give BIW tax credits stalls in State House, extending foe’s food strike
A legislative committee appears to favor the $60 million in incentives but delays a vote on the 16th day of an activist’s liquid-only diet.
Posted inBusiness, Nation & World, Politics
Workers gain from tax overhaul; investors get a bigger piece
Much more of company savings is going to higher dividends and buybacks that lift earnings per share than to employee wages.
Posted inLocal & State, News
Maine land trusts say governor uses bogus data in pitch to tax them
Conservation advocates call his claims misleading and say he ignores payments made to host towns in lieu of taxes.
Posted inBusiness
Apple evasive on size of dividend increase expected in April
It has ranged from 8 percent to 15 percent in the past, but could jump because of the large tax cut on profits held overseas.
Posted inBusiness, Local & State, News, Politics
Owners of hybrids, all-electric vehicles fume over proposal to assess annual fee
Opponents at a public hearing drive home their point that the state plan, aimed at shoring up the highway maintenance fund, is unfair and would punish ‘socially conscious’ consumers.
Posted inBusiness, Nation & World, News, Politics
Federal tax cut starts delivering bigger paychecks
Workers begin to see more take-home pay as a result of the contentious tax overhaul.