| | | G. Offering revenue sharing to all businesses based on | | the percentage of sales reported during the prior year. |
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| | | 3. Economic stimulus. Businesses in Maine would be | | assisted by: |
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| | | A. Offering low-interest loans to businesses to upgrade | | old technology, expand current practices and purchase | | improved technology; |
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| | | B. Offering certain businesses grants for hiring of | | immigrants, Native Americans, displaced workers, welfare | | recipients, single parents and rehabilitated ex-convicts; | | and |
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| | | C. Replacing the current licensing system for businesses | | with a business certificate system. |
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| | | 4. Tax relief. Tax relief would be obtained by: |
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| | | A. Repealing the levy of income tax on the first $100,000 | | of income; thereafter, the tax would be imposed at a rate | | of 5%. Bonuses would be exempt from income tax; |
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| | | B. Reducing the sales and use tax to 3%; |
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| | | C. Imposing the sales tax on all services; |
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| | | D. Imposing the sales tax on all nonfood items; and |
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| | | E. Eliminating all excise taxes. |
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