Advocates Say GOP Plan Would Hike Taxes For More Than Half Of Maine’s Elderly

From the story:

“I think that’s a fundamental misread of how this bill works,” says Garrett Martin, executive director of the progressive Maine Center for Economic Policy, a group squarely opposed to the GOP tax overhaul effort.

Martin says the business provisions in the House bill are geared toward big companies with larger workforces than a typical Maine small business.

“In fact what this bill will do is hurt a lot of small businesses, and it will hurt Maine’s workforce because the provisions that help reduce corporate tax rates and the rates they pay on foreign profits, in the past we’ve seen what it actually does is that it triggers them to offshore a lot of their workers in their workforce,” he says.

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