Updated May 18
Divided tax committee endorses surcharge bill for high-wage earners
The Legislature's Taxation Committee voted 6-5 Tuesday to advance a bill that would tack a 3% surcharge on taxable income over $200,000.
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The Legislature’s Taxation Committee Tuesday narrowly approved a bill that would raise more tax money from top wage earners in Maine by tacking a 3 percent surcharge on taxable income over $200,000.
The vote came during debate over 10 bills that sought to change the state’s tax brackets or add surcharges on top earners.
The 6-5 party-line vote on the surcharge bill with Democrats on the committee backing the measure and Republicans opposing it came as lawmakers rejected eight other bills to either raise taxes on top earners or create a straight 5 percent tax rate.