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Showing posts with the label Tax Credits

Very Significantly Different ! - The Public Benefit Corporation and the Benefit Corporation.

Tweet This #http://goo.gl/ovHME3 Over the years that I have been researching the Maine economic development policies that you find documented here in this blog, I have upon numerous occasions come across the state and the Governor justifying the polices on the basis that they are forced to implement them because other states are doing so. However my still limited investigation into the policies instituted in other states is not finding that to be so. It is true that all states that I have researched have economic development policies and tax incentives, but not all states have chartered state corporations that dole out tax credits to corporations. Incentives are most often in the form of tax exemptions rather than tax credits, the difference being that, as tax credits work in Maine, they are largely refundable tax credits and as impacted by other statutes and policies that have been implemented over the years, that translates as direct redistribution of wealth from the general taxp

Maine Candidate Anna Morkeski Running on Local Government Control Over Maine State Dominance.

Click to read story on Lincoln County News TWEET THIS http://goo.gl/ra1NDv Anna Morkeski sounds good but in terms of right to work, it has to be factored in that while no union dues are charged to its beneficiaries, the Maine gov is currently writing statutes that mandate employee pay and benefits for its targeted sector (companies providing above average income) as a bargaining chip in exchange for giving owners of the means of production up to 100% tax exemption on corporate and personal income tax and a tax credit of up to 80 % payroll taxes - the largest payroll taxes in the state which the Maine Gov passes the lion's share on to the general tax payer via the Pine Tree Zone tax incentives program. This means that while beneficiaries of the state's negotiations do not pay union dues in effect the general Maine tax payer covers the union dues regardless of whether or not the taxpayer is the beneficiary, while the corporation of Maine ends up with an high end em

Lepage and TheTotalitarian State

TWEET THIS http://goo.gl/nCXdYD Governor Lepage is working hard to get the youth signed up as workers in the the targeted sector. There is not a lot of detail in this video. Lepage says corporations will buy student debt because corporations want workers. He doesn't explain much but he says he thinks he can make this "profitable". Don't the students already want jobs so they can pay back the debt? And doesn't student debt belong to the student and not the state? How can the state give a tax credit in exchange for services rendered to private citizens? Why would a corporation have to buy a debt from the state in order to get students to work for them? There is a demand for jobs- and demand for workers- I think they can get together on their own without the state managing it. Perhaps Lepage feels empowered to step in where there is no need for government to intervene because in 2013 the Maine Legislature passed §3304. Industry partnerships T