Prominent Mainers Sign News Ads to Preserve Federal Estate Tax

Media Advisory from United for a Fair Economy
For immediate release
Contact Christina Kasica, United for a Fair Economy, 617-423-2148 ext 119
July 26, 2005

Prominent Mainers Sign Newspaper Ads to Preserve the Federal Estate Tax

Ads Highlight Need to Keep "Fairest Tax of All"

Portland, Maine-Local supporters of the federal estate tax are taking action this week, as it is expected the U.S. Senate will vote on full repeal of the estate tax before the end of the week. Newspaper ads bearing Maine estate tax supporters' names will appear in 3 papers across the state today. Supporters will also hand-deliver a Call to Preserve the Estate Tax to Senators Snowe and Collins today. Neither senator has as yet said how she will vote on repeal.

WHAT:

60-plus influential Maine residents have signed their names to newspaper ads to appear in 3 Maine newspapers, urging Senators Snowe and Collins to preserve the estate tax. The signers are available to do interviews on the topic. Supporters of the estate tax will also deliver a Call to Preserve the Estate Tax, signed by a hundred prominent Maine citizens, to Senator Olympia Snowe and Senator Susan Collins. The ad, co-sponsored by the Coalition for America's Priorities, is available at http://www.faireconomy.org/Maine.

WHEN:

The ad will run Tuesday, July 26. Selected signers will be available for media interviews throughout the week. The Call to Preserve the Estate Tax will be delivered to Sen. Snowe's Office, 3 Canal Plaza, Portland, at 9:30 a.m, and to Sen. Collin's Office, One City Center, Portland, at 10:30 a.m.

WHERE:

Portland Press Herald
Bangor Daily News
Lewiston Sun Journal

WHO:

Prominent Maine residents (please see list of spokespeople below)

WHY:

The news from Washington, D.C., is that the U. S. Senate is likely to vote on the estate tax the week of July 25. It is unclear how Senators Snowe and Collins will vote.

Will the GOP majority succeed in holding out for full repeal? Or will a bi-partisan reform measure emerge? Whatever the outcome, it will have an impact on Maine residents as well as Americans overall. Estate tax repeal would mean adding another $1 trillion to the national debt over the next 20 years. Estate tax reform, if it is reasonable, would mean affirming a progressive tax that would help solve our nation's fiscal woes.

On July 21, Alan Greenspan advised Congress against repealing the estate tax unless it finds other revenue to offset the cost of repeal. Paul Volcker, Alan Greenspan's predecessor at the Federal Reserve, and Bill Gates, Sr., father of Microsoft's founder, have called the estate tax the fairest tax of all, because it affects only multimillionaires well able to pay the tax-1% of the American population. This important debate is entering its final stages, and the undecided votes of Maine's senators mean Maine has an important role to play.


 


United for a Fair Economy (UFE) is a national, nonpartisan, non-profit organization raising awareness that concentrated wealth and power undermine the economy, corrupt democracy, deepen the racial divide, and tear communities apart. For more information, see www.faireconomy.org.


Selected Spokespeople for the Estate Tax in Maine

Please contact Christina Kasica of United for a Fair Economy at 617-423-2148 ext 119 to schedule interviews.

James Wellehan, President, Lamey Wellehan Shoes
Jim Wellehan is president of Lamey Wellehan, a Maine family shoe store started by his family over 90 years ago with current locations in nine Maine communities. Before assuming the retail responsibilities of the Lamey Wellehan stores, Wellehan served in the military, taught in South Africa, and earned an MBA. He is active in numerous community and state non-profit business and educational organizations and efforts. Wellehan lives in Auburn.

Angus S. King, Jr., Former Governor of Maine
Angus King served as independent governor of Maine for two terms from 1995 to 2003. King has spent most of his adult life in Maine. He served as a legislative assistant to Maine's US Senator William Hathaway in Washington, DC, before beginning his law practice in Brunswick. In 1989 King founded Northeast Energy Management, Inc., an electrical energy conservation company. As governor, King developed a nationally-recognized program that provides a laptop computer to every seventh and eighth grade student in the state. King is a resident of Brunswick.

Bob Monks, Jr., President of Institutional Shareholder Services, and Real Estate Developer
Bob Monks, Jr., has successfully attracted global capital for a wide range of business ventures. He and his partners have founded six real estate companies, a commercial bank and the world's largest proxy services company, Institutional Shareholder Services. Monks is a founder and active partner in numerous real estate entities, including Monks O'Neil Development, Headwater Capital Management, The Signal Group, Dirigo Management, Northland Enterprises, New England Workforce Housing, Eagle Point Enterprises and the Sprague Corporation. He also serves on many non-profit boards (past and present), such as the Natural Resources Council of Maine, Children's Museum of Maine, Spurwink Foundation, Gulf of Maine Aquarium, Portland Performing Arts and the Waynflete School. Monks lives at Ram Island Farm in Cape Elizabeth.

Peter Mills, Maine State Senator
Peter Mills, a Skowhegan resident, is a decorated Vietnam war veteran who has served in both the Maine State Senate and House of Representatives since 1994. He is currently a member of the Select Committee on Tax Reform and the Insurance and Financial Services Committee. He is a board member of HealthReach Network, The Maine Mathematics and Science Alliance, the Coalition for Excellence in Education, the Somerset County Economic Development Corporation, the Kennebec Regional Development Corporation, and the Steering Committee of the Reforming States Group.

Hannah Pingree, Maine State Representative
Hannah Pingree is a second term Democratic state representative for District 36 in the Maine Legislature. Pingree currently serves as the House Chair of the Joint Committee on Health and Human Services, and served on the Joint Committee for Appropriations and Financial Affairs during her first term in office. Pingree was Finance and Campaign Director in her mother Chellie Pingree's unsuccessful 2002 bid for a Maine US Senate seat. The Pingrees are one of a few Maine families to have had two generations serve terms in the state legislature. Pingree lives in North Haven.

Philip E. Harriman, CLU, ChFC
For more than 24 years, Phil Harriman has worked with family-held businesses in the areas of retirement planning, business continuation arrangements and estate planning. In 1983, he and Michael Lebel formed Lebel & Harriman LLP, an independent insurance and investment brokerage firm. Harriman served four consecutive terms representing the 23rd District in the Maine Senate, and has been a board member of several organizations, including: the United Way Foundation, St. Joseph's College Business Department's advisory group, MidCoast Health Services, Husson College and the Cancer Community Center.

Richard Rhames, Farm Owner, Shady Hollow Farm
Richard Rhames, former teacher, owns and runs a family farm in Biddeford. Rhames is a past member of the Biddeford City Council, and has also served on Biddeford's Comprehensive Plan Committee, as chair of the Saco Valley Land Trust, and as co-chair of the Maine People's Alliance. He is currently chair of Biddeford's Democratic Party.

Jim Amaral, Owner, Borealis Breads
Jim Amaral, entrepreneur and owner of Borealis Breads, established a business presence in Waldoboro, Maine, in 1993 and has since expanded his artisan bread business to Wells and Portland. Amaral has lived in Maine on and off for the past 25 years and is actively involved in the Maine business community as a MEBSR (Maine Businesses for Social Responsibility) board member and a participant in Leadership Maine. Amaral lives in Alna.

Claudia LaBella Adams, CEO, Sea Coast Management
Claudia Adams runs Sea Coast Management in Topsham, the largest owner/developer of private retirement and active adult communities in Maine. She is a resident of Portland and Brunswick who has lived and worked in Maine for 25 years. A former community health nurse, Adams is a current board member of Sweetser and the Topsham Committee for Fair Housing, and a former board member of Midcoast Volunteer Hospice.

Chalmers "Chop" Hardenbergh, Owner, Atlantic Northeast Rails and Ports
Chalmers "Chop" Hardenbergh is a Freeport, Maine, attorney who served two years as a Maine assistant attorney general and two years as a lawyer for students at the University of Maine. He subsequently founded the Arms Control Reporter, a self-supporting journal about arms control negotiations, and Atlantic Northeast Rails & Ports, an independent, profit-making newsletter. Hardenbergh is a former Goldwater Republican whose political views have shifted over time.

Frances Frost, Political Affairs Consultant
Frances Frost is a Maine political affairs consultant who has been active as an elected municipal official in Auburn and Portland. Governor Baldacci appointed Frost as chair of the State Arts Commission and as a member of the New England Fine Arts Commission. Frost has worked as a Special Assistant for Public and Legislative Initiatives to the President of the University of Southern Maine and as Director of Appointments for Governor Angus King. She has served on numerous arts and human service boards

Bruce McAfee, Certified Public Accountant
Bruce McAfee was born and raised in Portland, Maine, and has been an accountant in Portland since 1968. McAfee is a lifelong member of the Republican Party and an ardent supporter of non-profit foundations throughout the state of Maine. He is the treasurer of Serenity House, a non-profit substance abuse treatment center and halfway house for men, and is an active supporter of programs and activities at Portland's Deering High School.

Clifford Ginn, Tax Analyst, Maine Center for Economic Policy
Clifford Ginn grew up in the Portland area. A graduate of Harvard College and Harvard Law School, he has worked for the Sierra Club and clerked for Chief Judge William G. Young of the Massachusetts Federal District Court. Ginn currently resides in Portland, and works as a tax analyst for the Maine Center for Economic Policy, an independent, nonpartisan research organization in Augusta.

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