Ballot question seeks to cut corporate tax breaks
A question on November’s statewide ballot seeks to increase funding for the Maine Clean Election Fund by cutting $6 million in corporate tax breaks.
The Portland Press Herald reported that if approved, Question 1 would first call for the state’s Office of Program Evaluation and Government Accountability to identify $6 million of “low-performing, accountable [corporate] tax expenditures with little or no demonstrated economic development benefit.” The state Legislature would then have to approve the cuts.
Dana Connors, president of the Maine State Chamber of Commerce, told the newspaper his group isn’t opposing the referendum, but said he is concerned that it could cause lawmakers to make hurried decisions on tax incentive programs that help attract or retain businesses.
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