Tax Code Shaken, Economic Outlook Not Stirred
A common argument put forth by proponents of tax-and-spend schemes is that pro-growth tax reforms are a guaranteed way for a state to destroy its bond rating. Following a recently updated assessment of Maine’s economy by prominent credit ratings firms, the state’s current path of pro-growth tax reforms clearly has not hindered its economic outlook or competitiveness.
Maine is enjoying better economic growth than the rest of New England, state revenue projections are being met and credit ratings are not in danger of reaching 2005 levels, when the state suffered considerable downgrades thanks largely to an economic downturn.
Horvath, Joe (2016, June 13). Tax Code Shaken, Economic Outlook Not Stirred. Maine Wire. Retrieved from http://www.themainewire.com/2016/06/tax-code-shaken-economic-outlook-stirred