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Showing posts matching the search for Seed Capital tax credit

When the General Welfare Meets The Corporate State in the Halls of Augusta- It's No Contest!

Click on Me! TWEET ME : http://goo.gl/msOtXh In my last post I distinguished Bond Question #6 in support of clean water and public safety, (what ever that entails). I distinguished it as being the only bond that is not destined to underwrite the operations of the unconstitutional corporate state, functions which examined with any level of scrutiny are revealed to be codified in a statutory design of highly manipulative intent, serving the interests of private capitalists and using the public as the pawns in the game. One need only observe that the name of last year's extension of the Seed Capital Tax Credit is called the "Expanded and Improved Seed Capital Tax Credit" as evidence of my opinion. The ONLY perspective from which the Seed Capital Tax Credit can said to have been expanded or improved is from that of the private investors and new class of owners of the means of production whom are the beneficiaries of this bill. For the general Maine taxpayer, this bi

LD743 An Act to Extend The Seed Capital Tax Credit Calls For A People's Vote

I believe that the Maine people, which ever side of the ideological divide they fall on, are missing a monumental opportunity if they fail to collect the signatures for a people's vote on LD743. I understand that success requires an pre-existing organization, capable of succeeding at a state wide effort, to that end, I sent this letter, to the Boothbay Register, the Lincoln County News, and the Portland Phoenix in hopes that it will resonate with those that have influence on the organized activists movements in Maine. It would be inspirational to see all sides come together to work on a singular cause.   Dear Editor, During the last legislative session, which closed on July 10 th , the legislature passed an LD 743 titled “An Act To Extend And Improve the Seed Capital Tax Credit Program”. It was heralded by all the Maine media as desperately needed in support of Maine entrepreneurs, which as it works with our legislature means Maine entrepreneurs that satisfy the requirements

2013 Maine Municipalities Warned to Tighten their Belts as Seed Capital Tax Credit Expands Eightfold

Tweet This: http://goo.gl/qOE3vX Worth a Listen:  http://wgan.com/podcasts/al-dimillo-1-11/ Compiled from various notes:  Feb 2013   An Act To Provide Greater Access to Capital for Certain BusinessesThrough Advance Payment of Employment Tax IncrementFinancing Benefits  SUMMARY 36 This bill allows the Commissioner of Economic and Community Development, under 37 extraordinary circumstances, to provide advance payments of employment tax increment 38 financing benefits to a qualified business based on a net present value calculation of the 39 projected employment tax increment financing benefit to the business. The advance 40 payment must be made in the form of a loan through the Maine Rural Development 41 Authority, pursuant to applicable conditions and requirements. Commentary This refers to the (up to) 80%payroll  tax credit that the state provides to its targeted sector- or in other words that the state requires the tax-paying sector (employees , retail sector, other

Maine Legislatuer's Intentional Lack of Transparency Meets the Gruber Model

TWEET THIS: http://goo.gl/Dyh8Ql CONSTITUTION OF THE STATE OF MAINE 2013 ARRANGEMENT Article X. Additional Provisions. Section 3.  Laws now in force continue until repealed.   All laws now in force in this State, and not repugnant to this Constitution , shall remain, and be in force, until altered or repealed by the Legislature, or shall expire by their own limitation. ( emphasis mine ) In 2013 when the Maine legislature amended the bond ratification process. the bill that was passed and signed into law by Governor LePage  it was written in such away as to do away with  ALL compliance with the constitution at the voting booth: Article IX. General Provisions. Section 14.  Authority and procedure for issuance of bonds.   ........ Whenever ratification by the electors is essential to the validity of bonds to be issued on behalf of the State, the question submitted to the electors shall be accompanied by a statement setting forth the total amount of bonds of the State