Anyone remotely familiar with Maine’s economy knows it’s at a crossroads. Between 2004 and 2014, its cumulative economic growth ranks 49 out of the 50 states, a mere 21.8 percent. Non-farm payroll employment has shrunk 1.2 percent over the same period, placing Maine’s employment growth at 48 in the nation. An economic resurgence is clearly needed, and state legislators have two options. They can loosen the reins holding back growth, or try to pick winners and predict market trends. Recent history, especially in the Northeast, shows that reducing tax and regulatory burdens on businesses, individuals and investors leads to widespread…
Trending News
- Portland Man Fatally Stabs Himself after Police Respond to Burglary Attempt
- Nearly Half Of Homeschool Parents Cite ‘Liberal’ Public Schools As Motivating Factor: POLL
- Offshore Wind Making Everything More Expensive, From Lobsters To Electricity: FRANK LASSEE
- House Republicans Launch Probe into Biden Energy Secretary’s Disasterous Taxpayer-Funded EV Road Trip
- IRS Grants Tax Extension to Feb. 15 for Mainers Affected by Hurricane Lee
- Portland City Council to Consider $134,000 150-Bed Expansion to Homeless Shelter by Emergency Declaration
- Dangerous Company: Sam Patten’s Memoir Is a Riveting Insight Into 25 Years of American Foreign Policy
- New Maine CDC Director Recommends Masks and Latest COVID Booster for Everybody Ages 6 months and Older