Maine Wire
Maine Wire
Cronyism

Cutting Cronyism and Taxes are a Maine Source of Opportunity

Sad news struck Maine’s once-thriving paper industry recently. Only months after Verso Corp. was forced to file for bankruptcy, Madison Paper Mill reported that it would close shop, eliminating more than 200 jobs in the process. In Maine’s current economic climate, businesses must cope with changing markets, but more can be done to diversify the state’s economy. Part of the solution should involve tax relief for all hardworking taxpayers. However, in order to provide responsible and sustainable tax relief, policymakers need to consider efforts to right-size state spending and also eliminate cronyism from state government.

Read more . . . 

Horvath, Joe. (2016, April 5). Cutting Cronyism and Taxes are a Maine Source of Opportunity. The Maine Wire. Retrieved from www.themainewire.com/2016/04/cutting-cronyism-taxes-maine-source-opportunity/


In Depth: Cronyism

Cronyism in tax policy stifles innovation, hinders competition and introduces a deep temptation for corruption. The 2014 ALEC Center for State Fiscal Reform study, The Unseen Costs of Tax Cronyism: Favoritism and Foregone Growth, found that in the most recent year in which states published their respective tax expenditure …

+ Cronyism In Depth