As a future resident of Poland, I would like everyone to cut out this letter and hang it up for future reference. Why? Well, it is very simple: Democratic Gov. Bill Richardson of New Mexico has realized that tax cuts will dramatically help in generating revenue for his state.

How?

He understands that cutting taxes promotes new business development, relocation of businesses to his state and that the revenue generated would offset the tax cuts and help develop a revenue surplus.

He has called for substantial reductions in both personal income and capital gains tax rates in New Mexico.

In the latest Small Business Survival Index New Mexico ranked 47th and, as we all know, Maine falls into one of the last three spots.

His 5-year reduction proposal would lower the top personal income tax rate from 8.2 to 5 percent; also capital gains tax rate would drop from 8.2 to 4.1 percent.

The Democratic governor has stated that it would dramatically improve New Mexico’s competitive position, enhance its ability to attract labor and capital and boost the state’s economy. Does this sound like something that Maine and its voting population would welcome?

I think those in Augusta might want to look into Gov. Richardson’s plan and learn from it.

If the name Bill Richardson sounds familiar it’s because he was the former energy secretary under Bill Clinton.

Steve Snyder, Cincinnati