Democratic Leaders Unveil ‘Better Deal for Maine’ Plan
Last Thursday’s press release read in part:
Top Democratic leaders in the State House on Thursday countered Gov. Paul LePage’s budget with their plan to grow the economy from the middle out rather than the top down.
Speaker Mark Eves, Senate Democratic Leader Justin Alfond, House Majority Leader Jeff McCabe and Assistant Majority Leader Sara Gideon announced the plan at Cony High School, which is in a school district that could see a $1 million cut in funding if the governor’s budget passes.
The Better Deal for Maine:
- Puts more money in the pockets of Maine families: Cuts property taxes by $120 million annually for Maine residents by doubling the Homestead Exemption for all Maine homeowners and by increasing the Property Tax Fairness Credit by more than $57 million per year.
- Invests in Maine’s future: Bolsters investment in Maine students, workers and seniors. Increases funding for K-12 education by $20 million per year.
- Prevents property tax hikes: Increases revenue sharing to $80 million each year for local services like police, fire, and public works, while rejecting the governor’s new taxes on non-profits.
- Targets income tax cuts for the middle class: Cuts income taxes by hundreds of dollars for the vast majority of Maine families while asking the wealthiest 5 percent to pay their fair share. Under the Better Deal for Maine, 98 percent of income tax cuts go to the bottom 95 percent of taxpayers. Under the governor’s plan, 50 percent of the tax break goes to the top 10 percent.
- Is fiscally responsible: Unlike the governor’s budget, the Better Deal for Maine is fully paid for now and into the future.