Jacobson Holds Veterans Town Hall Meeting Today in Bath
Jacobson will unveil his proposal to eliminate Maine's state income tax on active duty and military retiree pay. Read More...
Jacobson Holds Veterans Town Hall Meeting Today in Bath
Proposes elimination of state's income taxes on military and elimination of the state's estate tax
November 10, 2009
FOR IMMEDIATE RELEASE
Portland, ME - Maine Republican gubernatorial candidate Matt Jacobson will host a Veterans Town Hall Meeting at 4:00 pm today at the Chocolate Church Arts Center in Bath.
Jacobson will honor the service of our veterans and will unveil his proposal to eliminate Maine's state income tax on active duty and military retiree pay, and to phase out the state's overall estate tax. 26 other states do not tax military retirement pay, and 22 other states do not tax active duty pay while the service member resides outside of the state.
"I am proposing some immediate and direct solutions that will keep Maine people here in the state," said Jacobson. "Many would prefer to stay with their families and friends in the communities in which they live and work, but it has become a financial difficulty for them when compared to other states.
"Especially with the closing of BNAS, we face the possibility of losing more Maine people who have the skills that would benefit the state. Many other states do not tax military retiree pay. We also have active duty Mainers who are changing their state of residency for tax reasons. This small investment is a win-win proposal to both retain both our active duty personnel and retiree military veterans in our state and to benefit from their knowledge and expertise."
Mr. Jacobson is also proposing to phase out the state's estate tax, impacting all Maine families. The tax brings in minimal revenue to the state but has the adverse impact of causing many retirees to change their Maine residency to another state that does not levy an estate tax.
"Veteran's Day is our opportunity to honor those who have served our nation," Jacobson stated. "We are fortunate to have many active or retired military families who live in Maine, and we benefit from having them here. My proposal to eliminate these taxes makes Maine more competitive with other states. This is the type of leadership that Maine needs."
Jacobson will also discuss his thoughts on the Brunswick Naval Air Station. There is no charge to attend the Veterans Town Hall meeting.
Time: Doors open at 3:30 p.m. and the event begins at 4:00 p.m.
Address: Chocolate Church Arts Center; 798 Washington Street; Bath, Maine
Contact: Bill Becker, or 831-4674.
Matt Jacobson is a Republican candidate for Maine Governor. A graduate of the US Naval Academy and former US Air Force pilot, Mr. Jacobson is the President and CEO of Maine & Company, a private job creation and attraction organization. He is the former President and COO of the St. Lawrence & Atlantic Railroad in Auburn, and a former railroad executive with both the Canadian National and CSX railroads.
Paid for and authorized by Jacobson for Governor, Peter A. Dufour, Treasurer-
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