Progressive legislators want to tax wealthy and corporations to address growing inequality

State lawmakers have introduced a slate of bills this legislative session to raise revenue for services and programs to support Maine’s essential workers and struggling families, paid for by taxing the wealthy and corporations whose profits have grown during the pandemic.

Progressive Democrats say the dual health and economic crises have not been felt equally by all Mainers and argue that tax fairness policies are essential to climb out of the current budget deficit and rebuild a more equitable economy.

“What we see is growing inequality. If you look at COVID right now, if you are living in poverty, this is a depression for you,” said state Rep. Mike Sylvester (D-Portland). “If you are making $60,000 and above, those jobs have increased by 12%.”

Sylvester has introduced a revenue bill that would reauthorize a 3% tax on income over $200,000.

Read more: https://mainebeacon.com/progressive-legislators-want-to-tax-wealthy-and-corporations-to-address-growing-inequality/