LePage hints at major state budget cuts to cover lower income tax rate
Source: Bangor Daily News
Good morning from Augusta, where Gov. Paul LePage returned to the radio on Tuesday to drop a hint about his upcoming two-year budget proposal: It will propose a cut to income taxes without an increase in the sales tax.
It’s a departure from the Republican governor’s budget proposal nearly two years ago, which proposed an income tax reduction balanced with a sales tax increase. Many Republicans didn’t like the sales tax changes and the Maine Legislature passed a compromise budget over LePage’s veto.
Because of that, LePage told WVOM on Tuesday that he wouldn’t be proposing sales tax changes. However, he said he’s still looking to cut Maine’s top income tax rate of 7.15 percent, which isn’t possible without “major cuts.”
“We had some meetings yesterday — all day, in fact — on budgets and I tell you, it was hard to sleep last night knowing what has to be done in order to protect the economy,” LePage said.
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Read more: http://stateandcapitol.bangordailynews.com/2016/12/06/lepage-hints-at-major-state-budget-cuts-to-cover-lower-income-tax-rate/
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