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Showing posts with the label New markets tax credit

Statute Enacted By Maine's Budget Committee Basis for "Legal Fraud" Foisted on TaxPayers !

Tweet This: http://goo.gl/9583iv This is the Pathway to Enactment page,  produced and distributed under the direction of the Clerk of the House and Secretary of the Senate of Maine. What you will read on the   Pathway to Enactment  page is consistent which what most of us learned in  Civics 101  - that laws are enactied by a vote of agreement in by both legislative houses. Below is the explanation from the Maine Legislative Library about how laws are enacted in post-constituional Maine- and explaining that this is a standard means that Maine State Inc has been using to enact laws. It is only under the new laws instituted in post- constitutional Maine- ie under the laws codified by Maine State Inc- that the tax payers are on the hook for what the media, long in bed with the transformation of Maine from a state to a corporation, has declared to be a "legal fraud"- all of which is based on the enactment of LD 991 into the statute- not by a vote by both houses- but b

Maine Media Reports LD991 New Markets Tax Credit Approved- FOA Response Says It Wasn't !

Tweet This !  http://goo.gl/ccVqRj This Sunday sees the second installment of Whit Richardsons expose on the scandal surrounding the New Markets Tax Credit Shrewd financiers exploit unsophisticated Maine legislators on taxpayers’ dime Stonehenge and its counterparts have orchestrated 10 deals in Maine totaling $195 million in investments under the Maine New Markets Capital Investment program. The arrangement requires that Maine taxpayers give the investors 39 cents for every dollar invested, for a total of $76 million to date. A five-month Maine Sunday Telegram examination shows that nearly half of what was invested in low-income communities – $91 million on paper – never made its way to the designated companies for new upgrades or expansions. Instead, the money was used to pay off old loans or stayed on the books for less than 24 hours. .............  And it’s all legal. Shrewd financiers exploit unsophisticated Maine legislators on taxpayers’ dime As is typical whenever

Kestrel Discussion at Portland Press Herald Removed from Internet

Getting Back to the Kestrel Line of this story. There was a story with an active comment discussion on the Portland Press Herald today at the link below but you will not find it there now, although last I checked on Google it is listed and dated 13 hours ago.  http://www.pressherald.com/news/Wisconsin-says-Brunswick-aircraftc-company-to-expand-there.html  Currently the latest Kestrel story at The Portland Press Herald is dated January 14th. I commented on the disappeared page and was not the only one questioning our government's activities in venture capitalism. The first comments opined that there is something about this story that really stinks- to which I responded that what stinks is the charter of the MRRA. I mentioned the government regulation I had come across that stated that local government disqualifies a project for federal funds and the disappearance of that link from my blog post and the internet. Now the whole conversation in which I made this statement has a