AUGUSTA, Maine (AP) — Gov. John Baldacci is voicing his support for Maine’s new tax reform law that Mainers will vote on in an upcoming referendum.
In his weekly radio address Saturday, the governor said the tax change has been called the “Maine Miracle.”
The law, which has not gone into effect, lowers Maine’s top income tax rate from 8.5 percent to 6.5 percent. But it also broadens the existing sales tax to dozens of items that are now exempt and raises the food and lodging tax.
Mainers will vote June 8 on a referendum asking if they want to keep or do away with the law. A “yes” vote favors repealing the law, while a “no” vote favors retaining it.
Baldacci said a “no” vote will result in lower taxes for Maine residents.