Wednesday, 21 March 2018 14:32

With the "Tax Relief Act" families would receive a $500 child and dependent tax credit

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With the "Tax Relief Act" families would receive a $500 child and dependent tax credit

AUGUSTA - Legislative leaders are trying to reach agreement on how to change the state's tax code so it aligns with the revamped federal tax system.

As part of the governor's "Tax Relief Act," families would receive a $500 child and dependent tax credit. The governor also proposes an additional $20 million tax cut.

 

Democrats say Republicans and the governor are only looking to help the state's wealthiest.

 

Senate Minority Leader Troy Jackson, D-Allagash, said, "We could agree to something that everyone would be happy with. I just think where it's right at the end of the session as far as for Democrats we're not going to be forced into accepting a bad deal for Maine's lower-income, middle-class people."

 

Jackson said there's no rush on the issue. In fact, he said, the tax conformity question could be dealt with by the next session of the legislature.

 

If that happened, there would be a new governor as well as many new members of the legislature.