WASHINGTON (WABI) - Republican Rep. Bruce Poliquin of Maine says he's going to vote for a GOP tax overhaul that keeps intact the top tax rate instead of lowering it.
Poliquin said Tuesday the proposal will help Mainers by doubling the standard deduction and increasing tax credits for children.
He said it'd keep taxes low for small businesses and make large businesses more competitive by bringing the corporate rate into line with other industrialized countries.
He favors keeping the tax rate for high-income earners at 39.6 percent.
Poliquin said, "The bill I'm voting for on Thursday has the lowest tax rates for businesses since the second world war. We need to grow the economy, create more jobs, better paying jobs, and more money in the hands of our families."
Democratic U.S. Rep. Democrat Chellie Pingree is opposed to the GOP tax overhaul, calling it a "giveaway to corporations" and the wealthy.