“Mainers have made themselves loud and clear: they don’t want brutal cuts to child care, health care, or housing — and they do want a fairer tax system where the ultra-wealthy pay their share.
Today, the Maine Legislature took a big step toward making that vision a reality. Lawmakers on the Taxation Committee voted to advance LD 1089, a bold and long-overdue proposal from Rep. Golek that would add a 2% tax on income over $1 million for individuals or $2 million for couples. This isn’t just symbolic — it’s serious. We’re talking about over $100 million in revenue over the next biennium to help fund our schools.
This is a major positive step for tax fairness and for the people of Maine, who overwhelmingly support making the ultra-wealthy pay what they owe. The programs families rely on are under threat because our tax code asks too little of those at the top — and LD 1089 starts to fix that.
Now, the full legislature and Governor Mills must do their part. The public is ready. The math works. It’s time to pass the millionaire’s tax and fund the future Maine families deserve.”
– MECEP State and Local Tax Policy Analyst Maura Pillsbury
