- Associated Press - Thursday, May 1, 2014

AUGUSTA, Maine (AP) - Maine lawmakers have sustained Republican Gov. Paul LePage’s veto of a bill that aims to prevent companies from avoiding paying state taxes by holding their profits overseas in tax havens.

The Democratic-led House voted 88-58 in favor of overriding the bill on Thursday, falling several votes shy of the two-thirds support it needed.

LePage said the bill would kill existing and future jobs. He also said it’s unconstitutional because it conflicts with the foreign commerce clause.

But Democrats said the bill would save the state $10 million and is a matter of fairness. They say large multinational companies shouldn’t be able to hide their profits overseas to avoid paying taxes.

The bill is now dead.

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