In November, voters in Maine will head to the polls to vote on an important ballot measure.
If passed, the Taxpayer Bill of Rights would do two things. First, any tax increase would have to go the voters for approval. Second, any government spending increase above a certain rate – based on inflation and population growth – also would need voter approval.
This is sound fiscal and economic policy by simply adding another “check and balance” to the system.
If passed, it would rein in egregious government spending increases and tax hikes that would serve as negatives for the state’s economy.
Raymond J. Keating
Small Business & Entrepreneurship Council