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I heard the same $2B figure when I was in Augusta recently. Without adequate corresponding spending discipline, each exemption focuses the rest of the burden onto the rest of us. My point, each exemption should be matched by spending decrease. SLAP - reality checked, that ain't going to happen.
So, in the absence of needed fiscal restraint, needed fiscal discipline, all exemptions should be voided. The returned and restored revenue stream could be and should be to fund Govenor Baldacci's professed fantasy of tax relief for all of Maine's citizens - both corporate, public and private. The elimination of these exemptions diffuses across the economy, while each allowed exemption targets and focuses under-represented-by-lobbyists sectors, i.e. Joe & Jane Taxpayer.
I guess now that a girl scout selling cookies is going to want to SLAP my ideality. Check please.
PS - Levy a sales tax for each on-line/catalog sales made by LLBeans. Also, allow the town of Freeport to levy a 1% assessment on all purchases, irregardless of the point of sale - flagship store/catalogue/on-line as partial compensation for the nuisance of the retail district.
LD 850, sponsored by Rep. Tom Watson of Bath, will be discussed tomorrow at a hearing by the Taxation Committee. This bill will extend the sales tax to everything - all services.
Tax reform does not mean tax relief. In truth, it means just the opposite.
Amen. Ain't THAT the truth, Jack!
Please give us a report on what you hear tomorrow, if you are attending? That would be swell.
One more time : [b]I don't want tax reform - I want tax RELIEF![/b]
I just want to know why ski lift tickets are exempted from taxes. I thought we were trying to have out of staters paying their share of taxes. While many mainers, myself included, Ski, that seems like a luxury that should be taxed. I dont mind paying the 5% or so that it would be. Its not like Sugarloaf will be uprooted if its taxed, or its patrons are taxed. And the revenue increase could be used instead of increasing other taxes that are levied soley on mainers ie income taxes.
[quote]Sen. Joe Perry, D-Bangor, who serves as Senate chairman of the Joint Standing Committee on Taxation, said it's silly to exempt goods and services that are considered "discretionary," such as theater performances and ski lift tickets, while taxing essentials such as clothing, medicine and diapers.[/quote]
The day is fast approching when there will be NO exemptions. YOU must pay for big government. Before big government can give you all you want, big government must first take all you have.
I don't want TAX RELIEF, I want them to have SPENDING REDUCTIONS!
[size=18]Tax panel makes clear its has own ideas[/size]
By Francis X. Quinn, March 12, 2007
AUGUSTA, Maine --Taxation Committee lawmakers Monday pressed for a delay in action on one Baldacci administration tax initiative and expressed doubts about another.
First, as promised Friday, tax panelists formally brought their recommendations on tax-related provisions in the governor's $6.4 billion biennial budget package to the Appropriations Committee and urged Appropriations to defer action on a dollar-a-pack hike in the cigarette levy.