AI News about budget committee

Maine business community opposes millionaires’ tax

Maine Business Leaders Push Back Against Millionaire Tax Plan Maine's business community is opposing a new 2% tax on income exceeding $1 million for individuals and $1.5 million for married couples, approved by Democrats on the budget committee. The proposal would affect approximately 2,600 filers and generate $150 million over two years. Business leaders argue the tax could harm economic growth and competitiveness.