The vast majority of Maine jobs are created by small local businesses hiring local residents. Many (most?) of these small start-ups have been funded by Mainers taking out mortgages on their homes.
The budget recently presented by the Governor proposes to eliminate the mortgage interest deduction from state income tax returns. This proposal would discourage many people from taking the risk of starting a new business and creating new jobs for Mainers.
If the Governor and Legislature are concerned about improving our state’s economy they should remove this proposal from the state budget now under consideration.
East Blue Hill