An Update From Rep. Denise Tepler – Leg. News, Coming Events, And More
Last week, the Democrats announced a proposal for changing Maine’s tax structure. Our plan builds the economy from the middle out. It is built on the belief that if you put more money in the pockets of working families, they will spend it locally at our businesses and grow our economy. It is simple middle-class economics.
The targeted tax cuts in our plan are paid for and won’t create a $300 million hole in the budget. The Better Deal For Maine rejects the failed policies of trickle-down economics that gives more money to people who don’t need it while crippling our ability to invest in the very things that lift up families and businesses, like schools, job training, health care and investments in our roads and bridges.
With that in mind, the Better Deal for Maine does the following:
- Puts more money in the pockets of Maine families: Cuts property taxes by $120 million annually for Maine residents by doubling the Homestead Exemption for all Maine homeowners and by increasing the Property Tax Fairness Credit by about $57 million per year.
- Invests in Maine’s future: Increases funding for K-12 education by $20 million per year.
- Prevents property tax hikes: Increases revenue sharing to $80 million each year for local services like police, fire, and public works, while rejecting the governor’s new taxes on non-profits.
- Targets income tax cuts for the middle class: Cuts income taxes by hundreds of dollars for most Maine families while asking the wealthiest 5 percent to pay their fair share. Under the Better Deal for Maine, 98 percent of income tax cuts go to the bottom 95 percent of taxpayers. Under the governor’s plan, 50 percent of the tax break goes to the top 10 percent!
- Is fiscally responsible: Unlike the governor’s budget, the Better Deal for Maine is fully paid for now and into the future.
Our proposal is good for more Mainers – including working families, seniors and students. For more details on A Better Deal, click here.
As always, please contact me if I can be of any help or if you want to discuss or testify on any legislation.
Public Forum: You are invited!
Please join me on Tuesday, April 28 for “Bringing the Budget Home,”
a conversation about how both the governor’s budget proposal and the Democratic Better Deal for Maine would affect the people of Topsham and the future of the state.
We will also hear from Topsham Finance Committee Member, Gail Eaton and RSU 75 School Board Member, Jane Scease.
The event will take place at 7 p.m. in the Main Meeting Room of the Topsham Town Hall.
You might still be able to get health coverage for 2015
Maine residents may have another opportunity to purchase insurance on the Individual Health Insurance Market for 2015. A Special Enrollment Period is effect until April 30 for certain individuals and families who are currently not enrolled in coverage through the Individual Health Insurance Marketplace for 2015. Go to healthcare.gov/get-coverage to find out if you qualify.
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13 Home Place
Topsham, ME 04086