Would lose deductions

0

If our elected officials in Augusta really wanted to reduce taxes, they could have done that by simply reducing the income tax rates. Instead, they have played politics with taxpayers’ money.

People must know that if Question 1 isn’t rejected, by voting “yes,” mortgage, charitable contributions and property tax deductions would be lost. That’s not even counting all the sales taxes that people will be paying every day on things they buy.

Dan Elder, Chesterville

Editor’s note: According to Majority Leader Rep. John Piotti, benefits of itemized deductions (including charitable contributions and property tax deductions) will not be lost, but will be retained through a new credit. Mortgage interest deductions will also be replaced with credits that gradually phase out as incomes rise. 

Advertisement