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Eye on Augusta: Mills Administration Bows to Business, Proposes Massive Tax Breaks for Profitable Companies


Eye on Augusta: Mills Administration Bows to Business, Proposes Massive Tax Breaks for Profitable Companies
by Andy O’Brien
Tuesday, February 16, 2021 8:51 AM
Andy O’Brien is communications director at Maine AFL-CIO. He is a former managing editor of The Free Press and a former state legislator. His Eye on Augusta column appears every other week in The Free Press.
Governor Janet Mills finally caved to pressure from business groups last week when she proposed an $82 million tax break on federal relief companies received during the pandemic. Under federal law, Paycheck Protection Program (PPP) loans are not subject to a federal tax, but they are taxed under state law and business groups have been calling on the Mills administration to conform to the federal tax law. ....

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