During his run for governor in Maine, Republican Paul LePage called for lowering taxes on businesses saying that he was sure it would help Maine "to compete worldwide". He was quoted as saying that he would prefer that Maine would “have no corporate tax at all”. Once he gained the governorship, he didn’t go quite that far, but last year he did sign into law that state’s largest tax cuts ever.
Today Maine is facing a loss of $400M in revenue over the next two years. All the losses can be traced to the tax cuts that Gov. LePage signed in 2011.
So rather than rethink his obvious disastrous tax reduction stance, he has ordered immediate spending cuts totaing $35.5M, with nearly $12M of that coming from funding for education.
That’s great thinking, Gov. LePage. Keep the corporations happy so they’ll fund your next campaign and keep the population stupid so they won’t notice they’re getting fleeced.
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