Key Maine lawmakers are optimistic about reaching a tax-cut deal

Going back to the era of former Gov. Paul LePage, Republicans have been focused on income tax cuts. Democrats have favored programs aiming to reduce property taxes. A child tax credit bill from House Majority Leader Maureen Terry, D-Gorham, could figure into this year’s mix. It would give parents $350 in 2023 for each dependent and index it going forward.

The liberal Maine Center for Economic Policy is arguing for that proposal after releasing data in late March showing Ducharme’s proposal would actually provide the greatest benefit to Mainers earning over $150,000 due to the state’s large standard deduction and personal exemptions that reduce low-income tax burdens.

Click here to read the full story, first published May 4, 2023 in the Bangor Daily News.