The Maine Small Business Coalition (MSBC) launched a series of statewide advertisements on local radio, expressing the frustration of small business owners with House Republicans’ insistence on a state budget that cuts taxes for the wealthiest Mainers.
On Monday, the Maine Small Business Coalition held a roundtable discussion in Portland with local small business owners, State Representative Denise Tepler (D-Topsham), and budget analyst Joel Johnson of Maine Center for Economic Policy about state budget proposals being considered by the legislature.
The Maine Small Business Coalition (MSBC) announced its support for the state budget introduced by Democratic legislative leaders in Augusta on Thursday. MSBC leadership argued that Governor LePage's budget, which slashes education and social service programs while cutting taxes for the richest Mainers, would hurt Maine communities and, by extension, Maine small businesses.
As the legislature debates how to prevent cuts to revenue sharing funds for municipalities, the Maine Small Business Coalition released a new report today that details how Maine can take steps to curb offshore tax dodging, making available millions of dollars in revenue previously lost to corporate tax havens.
Today, the Maine Small Business Coalition, in partnership with the U.S. Public Research Interest Group, released a new report that reveals that Maine loses $58 million in revenue a year due to offshore tax dodging. Many of America's wealthiest individuals and largest corporations use tax loopholes to shift profits made in America to offshore tax havens, where they pay little to no taxes.