State of Maine Archives: on Corporations


Eliot Cutler: Examine corporate tax breaks; avoid clawbacks by better deal

Q: Will you support legislation that would allow the State to clawback tax breaks from companies that fail to meet job creation goals or for companies that move jobs out of state after accepting Maine tax breaks?

A: Many of those tax breaks were enacted years ago for purposes that seemed important at the time and that perhaps we could then afford. But for the most part, they've been on autopilot; most have never been closely evaluated to see if they're still working, still needed, and still accomplishing their goals (if they ever did). They should be identified in our budget as expenditures that we have chosen to make.

As for clawbacks, we need to make sound deals in the first place with companies that have a good track record, pay good wages, and take advantage of Maine's competitive advantages. Sound deals will contain remedies against companies that fail to live up to their responsibilities.

Source: AFL-CIO Questionnaire on 2014 Maine Gubernatorial race Oct 16, 2013

Paul LePage: Capital investment goes where it is welcomed

Eighteen Maine communities are now designated as business-friendly. There is so much work left to do. Once again, Forbes ranks Maine dead last in the nation when it comes to being business friendly. We can disagree with Forbes analysis; however, America's job creators listen to them. Denial or sticking our heads in the sand will not change the reality. We must put ideologies aside and get to work to make Maine a competitive and prosperous state.

AL, SC, IN, and TX are attracting huge investments by companies, providing higher paying jobs for their residents, without exorbitant taxpayer subsidies. Why shouldn't Maine people benefit from the same economic opportunity? Remember one simple truth: "Capital investment goes where it is welcomed--and stays where it is appreciated."

Source: 2013 State of the State speech to Maine Legislature Feb 5, 2013

Paul LePage: Depreciate bonuses; reduce business tax rate to under 8%

To help create jobs in Maine, we include bonus depreciation for businesses investing in our economy's future. We increase the exemption for the death tax to make it easier to pass a family business to the next generation and to reduce the incentive for moving wealth out of Maine. And we lower the tax rate on families and business success from 8.5% to 7.95%, the lowest top income tax rate in Maine since 1975.
Source: Maine 2011 State of the State Address Feb 10, 2011

Susan Collins: Excess corporate pay rewards risk-taking over results

Collins called for extensive congressional oversight hearings to determine what went wrong and what needs to be done. She said there should be more pressure on corporate boards to curb excessive executive compensation that rewards risk-taking over long-term results, and called for more market discipline. Collins stopped short of endorsing more regulation of the country’s financial institutions. “It’s not a matter of too little or too much regulation but the right regulation,” she said.
Source: 2008 Maine Senate debate reported in Kennebec Journal Sep 21, 2008

  • The above quotations are from State of Maine Politicians: Archives.
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2016 Presidential contenders on Corporations:
  Republicans:
Amb.John Bolton(MD)
Gov.Jeb Bush(FL)
Dr.Ben Carson(MD)
Gov.Chris Christie(NJ)
Sen.Ted Cruz(TX)
Gov.Mike Huckabee(AR)
Gov.Jon Huntsman(UT)
Gov.Bobby Jindal(LA)
Rep.Peter King(NY)
Gov.Sarah Palin(AK)
Sen.Rand Paul(KY)
Gov.Rick Perry(TX)
Sen.Rob Portman(OH)
Secy.Condi Rice(CA)
Sen.Marco Rubio(FL)
Rep.Paul Ryan(WI)
Sen.Rick Santorum(PA)
Democrats:
Secy.Hillary Clinton(NY)
V.P.Joe Biden(DE)
Gov.Andrew Cuomo(NY)
Mayor Rahm Emanuel(IL)
Gov.Martin O`Malley(MD)
Sen.Bernie Sanders(VT)
Gov.Brian Schweitzer(MT)
Sen.Jim Webb(VA)

2016 Third Party Candidates:
Mayor Michael Bloomberg(I-NYC)
Gov.Gary Johnson(L-NM)
Donald Trump(NY)
Gov.Jesse Ventura(I-MN)
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Page last updated: Sep 08, 2014