Maine’s proposed corporate tax break would be better spent on other priorities, advocates say

MECEP communications director Mario Moretto said that it is ill advised for legislators to consider a new tax break that will disproportionately benefit the corporations that have been most profitable during the pandemic while there is significant need for that money elsewhere.

“I think that the core question is: In a state that’s still experiencing a pandemic, where there are still just under 50,000 Mainers unemployed, and where hardship continues to be felt at many levels in things like hunger and housing insecurity, should the state be using public resources to give new tax breaks to businesses that profited during the pandemic?” Moretto asked. “Every dollar that goes into this new tax loophole for businesses that were profitable during the pandemic is one dollar not available for really pressing needs for families and communities.”

Click here to read the full story, first published February 18, 2021, in Beacon.