President Obama’s fiscal year 2015 budget proposes to increase taxes on individuals by over $820 billion and on businesses by about $500 billion, for a total of over $1.3 trillion in new taxes over the next ten years....
- Scott Moody on Tax Reform Options in Maine
Scott Moody on Tax Reform Options in Maine
Maine Heritage Policy Center CEO (and former Tax Foundation Senior Economist) J. Scott Moody discusses the recently-announced tax reform plan unveiled by a group of 11 Pine Tree State legislators. The so-called "Gang of 11" plan, chiefly written by Sen. Richard Woodbury (I-Yarmouth), would cut some tax rates but raise others, resulting in a net tax increase in the state. Moody is critical of the plan and advises focusing on spending discipline until a revenue-neutral (or revenue-negative) reform plan becomes an option.
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