The Congressional Budget Office (CBO) has released its 2015 to 2025 Budget and Economic Outlook. In this yearly publication, the CBO examines current laws (taxes and spending) and projects the outlook for the federal...
- 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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