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New Markets Tax Credit Program To Be Distributed to MRRA- High Paid Hotbed of Corporate Welfare !

TWEET THIS !  Published on Dec 4, 2013 Uses New Markets Tax Credits to develop vacant property at Brunswick Landing, a former Naval Air Station managed by the Midcoast Regional Redevelopment Authority (MRRA) , into 79,000 square feet of built-to-suit office and clean manufacturing space for Mölnlycke Health Care. Creates up to 85 new jobs, 90% of which will be hired locally. Category People & Blogs License Standard YouTube License My Online Comment: Mackenzie Andersen   1 second ago In 2009 the Pine Tree Zone Tax Incentives were fundamently transformed from their original intent to be used for low income high unemployment areas. I did not realize until Representative Beth O;Conner sponsored a bill in 2015 to include the Town of Berwick as a speical zone qualified to recieve Pine Tree Zone corporate welfare benefits that the 2009 transformation did not &qu

Cate Street Capital- Legal Fraud Status Checks Out -Here's How it Happened !

Tweet This:   Below is a quote that was passed on to me by an acquaintance who had contacted a member of the media concening investigations into the legal status of Subchapter 12: MAINE NEW MARKETS CAPITAL INVESTMENT PROGRAM  , which is the premise of the legality of a fraud perpetuated on the Maine people as reported as fact by the Maine media and costing Maine tax payers 76 million dollars at the latest telling in this article by Whit Richardson Thanks for writing, and for taking the time to do some digging. What you discovered is true. I don’t believe the Senate voted to approve LD 991 in 2011. Unfortunately, it doesn’t matter as the bill’s language was folded into the budget bill that year. The House and Senate both voted to approve the budget, which means they also voted to create the New Markets program even though the original bill died on the appropriations table. Legislative leadership can fold language into the budget bill any time they want . T

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

Tweet This: 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

Rule Changes Proposed by Lepage Threaten Private Property Rights in Maine

Tweet This ! An article in the Bangor Daily News discusses Governor Le Page's ambition to strip the Attorney General of authority over state agency rule making processes: LePage bill would void attorney general’s authority over new rules By  Mario Moretto  Bangor Daily News AUGUSTA, Maine — Gov. Paul LePage has drafted a bill to strip the attorney general of authority over the rulemaking process used by state agencies to implement laws approved by the Legislature. LePage has criticized judgments by Attorney General Janet Mills that some regulations he wanted were illegal. Rather than accept his lawyer’s legal advice, the governor would eliminate the requirement that she sign off on new state agency rules. ........ The bill represents the latest salvo in  a long battle between LePage, a Republican, and Mills, a Democrat . Currently, the AG must approve the “form and legality” of any state agency’s new rule or regulation, but the bill would limit Mil

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

Tweet This ! 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

Maine's Minimum Wage Bill Ties Increase to Inflation

TWEET THIS Mikkel Clair Nissen Of Denmakrk Rants About Minimum Wage Hoax By Danish Government   An Act To Adjust Maine's Minimum Wage Annually Based on Cost-of-living Changes Be it enacted by the People of the State of Maine as follows: Sec. 1.  26 MRSA §664, sub-§1,   as amended by PL 2007, c. 640, §4,  is further amended to read: 1.  Minimum wage.     The minimum hourly wage is  $6.50 per hour. Starting October 1, 2006, the minimum hourly wage is $6.75 per hour. Starting October 1, 2007, the minimum hourly wage is $7.00 per hour. Starting October 1, 2008, the minimum hourly wage is $7.25 per hour. Starting October 1, 2009, the minimum hourly wage is  $7.50 per hour.  Starting October 1, 2013, the minimum hourly wage is $8.50 per hour. Starting October 1, 2014 and each October 1st thereafter, if there is an increase in the Consumer Price Index on June 30th of that year from the Consumer Price Index on June 30th of the preceding year, the minim

Mystery of the Missing Maine Senate Vote Passing New Markets Tax Credit

TWEET THIS There is a noteworthy article in the Portland Press Herald by staff writer WHIT RICHARDSON Pay Day At the Mill tells the story of how investors from out side the state lobbied the legislature to create new program Maine New Markets Capital Investment program, written by their own lawyers to include the ubiquitous refundable tax credit found throughout economic development programs devised by the Maine legislature In the end, here’s what really happened: Two Louisiana financial firms arrived in Maine with a plan to create such a program, hired lawyers and lobbyists to get it passed in Augusta, then put together the Great Northern deal using one-day loans that made an $8 million loan look like a $40 million loan. While they claim they did this to leverage more investment, the result is that Maine’s taxpayers are going to pay $16 million to banks and investment firms that invested only half that amount. And all of it was legal. Whit Richardson Payday A