James Myall, an economic policy analyst at the Maine Center for Economic Policy, said Monday that an increase to the cigarette tax wasn’t the center’s first suggestion for raising state revenues.
A policy memo released by the center last year suggests adding new high-income tax brackets, creating a “millionaire’s tax” on income over $1 million and closing business tax loopholes, among other things, in order to raise revenues and create a more fair tax system.
Proposed cigarette tax increase draws praise and concern
