Chellie Pingree on Tax Reform

Democratic Representative (ME-1)


Repeal Bush tax cuts; close tax loopholes

When it comes to tax policy, there is a lot that needs to be done--including a repeal of the Bush tax cuts for the highest income Americans, higher capital gains taxes on investment income, and closing tax loopholes for private equity and hedge funds. We should restrict government contracts to American-based corporations and clarify rules on tax shelters so they cannot be used strictly for tax avoidance. At the same time, our tax cuts should be focused on areas that will help working families.
Source: 2008 Senate campaign website, chelliepingree.com, “Issues” , Nov 4, 2008

Close corporate tax loopholes

“When our country’s largest companies don’t pay their fair share, it’s the taxpayers, families and small businesses that get stuck with the bill,” said Pingree. “Ending tax loopholes that allow big corporations to evade taxes by using an overseas P.O. Box is the right thing to do” Pingree said. Her plan would use Maine’s law as a model, and would require more financial disclosure for corporations
Source: 2002 Senate campaign website, PingreeForSenate.com , Sep 26, 2002

Minimum tax rate of 30% for those earning over $1 million.

Pingree co-sponsored Paying a Fair Share Act