- Associated Press - Tuesday, March 3, 2015

AUGUSTA, Maine (AP) - Republican Gov. Paul LePage says that eliminating the tax on military pensions is vital to attract veterans to Maine.

LePage joined dozens of veterans at the Statehouse on Tuesday to highlight the need to exempt military pensions from the state income tax, which would benefit about 8,000 Maine veterans. He says that 22 other states already have such exemptions.

LePage said that the move would encourage young military retirees to come here to begin their second careers. He says that will benefit Maine’s economy because retired military members have much to give back to the community when they leave the service.

The proposal is part of LePage’s larger tax overhaul plan, which also includes lowering the personal and corporate income tax and eliminating the estate tax.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide