Tax and Budget

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March 21, 2017
PDF of the press release click here Declined federal funds include Medicaid expansion, children’s health insurance, public works infrastructure, nutrition assistance, and other priorities Augusta, Maine (March 21, 2017) New analysis released today by the nonpartisan Maine Center for Economic Policy (MECEP) finds that over $1.9 billion in available federal funds that the state has forfeited since 2011 could have helped protect health and well-being, promote tax fairness, and boost Maine’s economy.

Tax and BudgetEach year, Maine leaders set priorities and make choices for allocating state and local revenues for education, health care, public assistance, economic development, public safety, roads and bridges, environmental protection, and other services important to Maine families, businesses, and communities. They also determine how to fund those revenues through taxes, fees, borrowing, and other sources. For 20 years, MECEP has provided exhaustive, timely, and respected analysis of Maine tax and budget policies to ensure that Maine invests its limited revenues wisely in ways that most benefit Maine working families, especially their economic security, health care needs, and education and job training and that encourage strong economic growth by addressing the needs of Maine businesses for skilled workers, promoting local markets, and investing in research and development. We also assess the fairness of Maine’s tax policies, work to eliminate ineffective, wasteful tax breaks, especially for large corporations, and assure greater progressivity of Maine’s revenues.

Most Recent
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March 27, 2017
A recent data analysis shows that the percentage of Maine children living in deep poverty — defined as living on less than $10,000 a year for a family of three — has increased at a rate eight times greater than the national average, according to the Maine Center for Economic Policy.
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March 24, 2017
for a link to the podcast, click here. for a link to the report, “Lost Federal Funds: Lost Opportunities for Maine,” click here. This week on the Beacon podcast, Taryn, Ben and Mike discuss a new report from the Maine Center for Economic Policy showing how the government of Maine has forfeited or ignored more than $1.9 billion in federal funding since 2011 that could have gone to health care, economic development and other state priorities, at a cost of nearly 5,000 jobs annually.
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March 23, 2017
Revenue sharing is an important ingredient in a comprehensive approach to property taxes. Homestead exemption helps export property taxes to second home owners, the old circuit breaker program and now the property tax fairness credit help families with housing costs that are a high percent of their income, and revenue sharing helps lower state wide property taxes because we’ve recognized that our communities stretch beyond the towns we live in.
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March 22, 2017
“Our primary reason for supporting this bill is the need for more transparency from the executive branch and the department. We believe Maine needs to do better.
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March 22, 2017
Don Cookson, host of WZON-AM’s The Pulse Morning Show, interviewed Jody Harris about her new report, “Lost Federal Funds: Lost Opportunities for Maine,” click here. For the report itself, click here,
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March 21, 2017
PDF of the press release click here Declined federal funds include Medicaid expansion, children’s health insurance, public works infrastructure, nutrition assistance, and other priorities Augusta, Maine (March 21, 2017) New analysis released today by the nonpartisan Maine Center for Economic Policy (MECEP) finds that over $1.9 billion in available federal funds that the state has forfeited since 2011 could have helped protect health and well-being, promote tax fairness, and boost Maine’s economy.
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March 21, 2017
Since 2011, Maine has forfeited over $1.9 billion in available federal resources that could have helped protect Mainers’ health and well-being, promote tax fairness, and boost the state’s economy.
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March 21, 2017
Since 2011, Maine has forfeited over $1.9 billion in available federal resources that could have helped protect Mainers’ health and well-being, promote tax fairness, and boost the state’s economy.
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March 20, 2017
“Representatives from the Maine Center for Economic Policy also testified against the bill. They claim the wealthiest 1% of Maine households will still pay a lower effective tax rate than 75% of Maine’s middle class families.” by Taylor Kinzler, WABI-TV, March 21, 2017 Eliminating Maine’s 3% surtax on the state’s highest earners.
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March 20, 2017
Augusta, Maine (Monday, March 20, 2017) State legislators on the taxation committee will hold a public hearing today on several bills that would roll back the tax to pay for education enacted under Question 2, the ballot initiative passed by Maine voters in November 2016.