New Podcast on the Prospects for Tax Reform in Maine
September 16, 2011
This week on the Tax Policy Podcast, I talked with Maine State Rep. Gary Knight about the renewed push for statewide tax reform in the Pine Tree State. As chairman of the Joint Standing Committee on Taxation, Rep. Knight is at the center for the move to make the state more competitive and lower the overall tax burden of Maine residents.
Some members of the [tax reform] panel, such as Rep. Gary Knight, a Livermore Falls Republican, would like to see that top rate dropped to as low as 4 percent, which could cost the state even more. “It is our goal to bring the income tax level down to a much lower level than the 7.95,” Knight said. “We want to be a state that invites business to this state, and 7.95 still puts us among the highest states. So we feel that ultimately–and I think this is across party lines, that we need to be more in the four to five percent range to be effective.”
Was this page helpful to you?
The Tax Foundation works hard to provide insightful tax policy analysis. Our work depends on support from members of the public like you. Would you consider contributing to our work?Contribute to the Tax Foundation
Let us know how we can better serve you!
We work hard to make our analysis as useful as possible. Would you consider telling us more about how we can do better?Give Us Feedback