Maine Business Leaders Push Back Against Millionaire Tax Plan

Maine business community opposes millionaires’ tax

2026.04.07Updated 7d ago

The proposal approved by Democrats on the budget committee includes a 2% tax on income over $1 million for single filers and on income over $1.5 million for married couples. It’s expected to impact about 2,600 filers and generate $150 million over the next two years.

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Maine's business community is opposing a new 2% tax on income exceeding $1 million for individuals and $1.5 million for married couples, approved by Democrats on the budget committee. The proposal would affect approximately 2,600 filers and generate $150 million over two years. Business leaders argue the tax could harm economic growth and competitiveness.

Key topics:maine millionaire tax income tax budget committee democrats

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