Plan to Levy Extra 4% Tax on Income Over $1 Million to Fund Public Schools Narrowly Rejected

Plan to Levy Extra 4% Tax on Income Over $1 Million to Fund Public Schools Narrowly Rejected

Maine lawmakers have rejected a Harpswell Democrat’s bill to levy an additional four percent tax on income earned over $1 million in order to fund public education. Sponsored by Rep. Cheryl A. Golek (D-Harpswell), LD 1089 would impose this new “surcharge” on income beginning with that generated this year. The four percent tax would only [...] The post Plan to Levy Extra 4% Tax on Income Over $1 Million to Fund Public Schools Narrowly Rejected ap…