Janet Mills on Corporations

	Janet Mills on Corporations

I have opposed increasing our corporate tax rates

I have to tell you: it's not been fun or easy to put this budget together. And, over all of this is the unpredictability of the federal government whose actions may directly affect our state appropriations and expenditures and the welfare of Maine people. When I introduced my budget two weeks ago, I could hear the collective groans of both Democrats and Republicans echoing in the chambers upstairs.

That is the same pain and frustration my commissioners and I have felt over the past several months as we put this budget together. I know there is a strong desire among some of you to just "tax the rich" or "end corporate welfare." I hear you. But I have opposed changing our tax rates, much to the dismay of my Democratic friends, because stability and predictability, for our people and for entrepreneurs and investors looking at Maine, cannot be overstated.

Source: 2025 State of the State Address to the Maine legislature , Jan 28, 2025

Direct economic relief to nearly 1000 small businesses

We have delivered direct economic relief to nearly 1,000 small businesses and supported more than 100 infrastructure projects to create jobs and revitalize communities. We have invested $300 million to support our workforce, in everything from job training, to business supports, to housing, to child care. These investments are helping tens of thousands of people acquire skills and find good paying careers in health care, in the trades, in teaching, and in paid apprenticeships. Source: 2023 State of the State Address to the Maine legislature , Feb 14, 2023

Won $21.5M settlement against S&P's mortgage practices

Maine is receiving more than $21.5 million as part of a $1.375 billion multi-state settlement of a lawsuit against credit ratings agency S&P. Maine Atty Gen Janet Mills says it's the largest one-time settlement in Maine history. "Holding S&P accountable for these practices tells Wall Street we will not tolerate acts that deceive investors and devastate our economy." Their practices ultimately led to the proliferation of low quality mortgages and the housing bubble and subsequent crash. Source: MainePublic.org on 2018 Maine Gubernatorial race , Feb 4, 2015

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