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Paul LePage on Corporations
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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
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
Page last updated: Apr 25, 2013
