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Maine won’t adopt most Trump tax law changes due to deficit fears, delaying decisions until 2025.
Maine Governor Janet Mills has decided not to adopt key provisions of the federal Trump administration’s tax law, including lower taxes on tips and overtime and a higher standard deduction, citing concerns over a potential $400 million budget deficit.
The state will only conform to some provisions, delaying changes for the 2025 tax year while awaiting further data and legislative input.
Republican leaders argue the delay blocks $425 million in tax relief.
Mills emphasized the decision is not final and could be revisited based on economic and revenue analysis.
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Maine no adoptará la mayoría de los cambios en la ley tributaria de Trump debido a temores de déficit, retrasando las decisiones hasta 2025.