This is an update of a post written in 2013 in response to the Expanded and Improved Seed Capital Tax Credit unanimously passed by the Maine legislature amid a flurry of biased news coverage focusing almost exclusively on businesses that stand to get a cash infusion from the passage of the bill.
No single bill is passed in isolation but is part of a larger and incremental strategy dating approximately back to the charter of the Maine Development Foundation Corporation serving as the foundation stone for the ever expanding corporation of Maine- a corporation that goes without an official name but is in fact an interlink web of state corporations all of which do have names.
This post adds recent information expanding the historical context from past to present which sheds light on the true function of the Seed Capital Tax Credit and its role as a device for implementing special interest politics. This post is technical but a perfect example of "the devil is in the details"
http://bit.ly/1CLqAwG
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