AUGUSTA, Maine — Gov. John Baldacci says that despite setbacks from the national recession, Maine is open for business.
In his weekend radio address, the governor acknowledged deep budget cuts and a gloomy economic forecast for the immediate future. But he said investments in Maine’s highways and bridges continue, income tax rates have been reduced and the Pine Tree business expansion program has been expanded statewide.
He also pointed to private business expansions such as the one announced this week by pellet manufacturer International Woodfuels.
In the Republican response, state Rep. Jonathan McKane of Newcastle said the new law that lowers income tax rates and expands the sales tax base burdens small business and makes many service providers first-time tax collectors for the state.