This bill would lower the threshold for the state’s estate tax, rolling back a LePage-era tax break for the wealthy, to make our tax system more fair.
Our state is stronger when everyone pays their fair share and when we show that even the wealthiest can be held to account. Eight years of tax cuts for the wealthiest among us by the LePage administration has robbed our communities of resources and forced unnecessary cuts to important public programs. This bill would be an important step in tilting the scales of our tax code back to everyday Mainers instead of the wealthy.
The bill was carried over to the next session.