- Caitlin DeLuca
Stop corporations from hiding their profits overseas
As Maine’s economy reopens and Mainers return to the workplace, businesses and working families are adjusting to our “new normal.”
While we head back to work, our state faces a revenue shortfall due to the pandemic. Elected officials will decide how to balance our budget. We must make sure they put working families before big corporations.
There are lots of big multinational corporations that do business in Maine, but don’t pay their fair share for the use of our roads, workers and resources. Some of these corporations use a loophole that rewards them for hiding their profits overseas.
Our government should close corporate tax loopholes and take back tax breaks so we aren’t forced to cut funding for essential services like schools, healthcare and public safety. By closing this loophole, Maine would generate upwards of $10,000,000 for our state.
As we rebuild our economy, we must ensure that hardworking Mainers are prioritized and corporations pay their fair share.