Preserving The American Political Philosophy

Tweet This   http://goo.gl/br7pv0 Beacon POD Cast June 12, 2015 – The New Markets scam Download file  | Duration: 31:54 | Size: 29.2M In this episode of the Beacon podcast, Maine People’s Alliance political director Ben Chin interviews  Joel Johnson , an economist for the Maine Center for Economic policy, and attempts to make the deliberately-complicated New Markets tax credit scam (through which out-of-state corporations have fleeced the Maine taxpayers of more than $30 million) a little more understandable. This Beacon POD Cast is presented by Mike Tipping, Bangor Daily News Journalist  and Director of the  Maine People's Alliance , who tells us in his introduction that Chin and Johnson are going to "dig a little deeper" into the New Markets Tax Credi t and repeats the ubiqutous media line that one of the reasons why the scam hasn't caused more public outrage and government action is because it is "so deliberately complicated". This line is th

TWEET THIS USING THIS SHORT LINK http://goo.gl/u2fKk0 New Hampshire features a state by state comparison on its website. This is the comparison to Maine . Interesting to note that despite New Hampshire NOT taxing personal income, NOT having a sales tax, and NOT having an estate tax, it's top corporate income tax is still lower than Maine's . Top Corporate Income Tax New Hampshire 8.5% Maine 8.93% An explanation for this may be Maine's two-tier income tax whereby Maine offers corporations providing jobs of an income level above the median household income, tax exemptions and cash payouts - but taxes businesses offering jobs that pay the medium household income or below under general laws. I would argue that such a practice is unconstitutional by Article IV Part Third Section 14 of the Maine Constitution which stipulates that "All corporations, however formed, are subject to general laws" I suspect that all of the state by state comparisons tha