Maine’s personal state income tax hinders our economic growth, stifles take home-pay, and places our state at a competitive disadvantage.
It drives too many Mainers out of our state, including our young entrepreneurs, our growing families, and seniors who rely on their savings and investments in their retirement years.
Maine’s overall tax burden as a share of personal income (10.5%) is the fourth highest in the nation. Our neighbors in New Hampshire (6.84%) enjoy the 46th lowest state and local tax burden.
- As Governor, I will propose that every state government tax and fee increase instituted by the Mills’ Administration during the pandemic be suspended until Maine’s inflation rate drops back below 2% annually.
- As Governor, I will propose a strategic plan to phase out all state income taxes over four budget cycles (an 8-year-period). The first step in this process must be eliminating the income tax on pension and retirement income in Maine. Too many retired Mainers are forced to spend six months and a day in other income tax-free states to avoid Maine’s punishing tax policies. You deserve to keep your hard-earned money- NOT THE GOVERNMENT.
- As Governor, I will protect Mainers’ hard-earned tax dollars by restricting overall growth in government spending to be at or below the rate of inflation.