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Showing posts with the label The Fund of Funds

LD1- A Transference of the Power of Taxation?

Letter submittted to the Boothbay Register May 2, 2010- I am glad to say that this letter is published in the issue coming out on May 05, 2010. This article was also published on The Augusta Insider. When The Augusta Insider "merged" with Pine Tree Politics all articles examinining state capitalism in Maine were no longer available. A Call For a People's Veto. Dear Editor, I recently submitted a letter, which was also sent to Senator Trahan , who did not respond. This letter concerned the use of taxpayer funding by the Small Enterprise Growth Fund and the proposed LD1 and LD1666 . LD 1666 was rejected by the appropriations committee but subsumed into LD1 and then passed unanimously by both the House and the Senate and signed into law by Governor Baldacci. The Maine Chamber of Commerce describes LD1 as “An Act To Stimulate Capital Investment for Innovative Businesses in Maine” . LD1 is marketed by the Small Enterprise Growth Fund with the following words “This program c