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Taxes and Budget

Many non-resident estates would benefit from Governor LePage's proposed estate tax repeal

As I explained previously, Gov. LePage’s proposal to eliminate Maine’s estate tax would exclusively benefit the wealthy. And now, thanks to information provided to the Taxation Committee […]

Joel Johnson
Posted March 18, 2015
Tags Estate Tax, Taxes
Taxes and Budget

The Maine Capital Investment Credit (“bonus depreciation”) is an Ineffective and Unnecessary Giveaway to Large Businesses

Maine lawmakers should reject Governor LePage’s new plan to extend ineffective and unnecessary retroactive tax breaks to big businesses. As part of his tax “conformity” bill, Governor […]

Joel Johnson
Posted January 28, 2015
Tags Tax Breaks, Taxes
Taxes and Budget

The Sunday Telegram Analysis of LePage’s Tax Plan is Fatally Flawed. Ignore it.

The table that appeared on Page 10 of this week’s Maine Sunday Telegram is fatally flawed due to a variety of calculation errors and faulty methodology. It […]

Joel Johnson
Posted January 26, 2015
Tags Tax Breaks, Tax Fairness, Taxes
Taxes and Budget

Migration Mythologists Flee Facts

Maine has gained more taxpayers and income than it has lost going back to the early 1990s, according to IRS tax records. In other words, for every […]

Joel Johnson
Posted November 24, 2014
Tags Economy, Income Tax, Taxes
Taxes and Budget

Maine’s Highway Fund is in Serious Trouble

Maine’s highway fund has nowhere near enough money coming into it to meet the state’s basic transportation needs, according to the biennial revenue and expenditure projection released […]

Joel Johnson
Posted November 10, 2014
Tags Revenue, Taxes
Jobs and Income

Portland Continues to Drive Job Growth

The greater Portland area—extending from Kennebunk in the south to Freeport in the north—continues to account for most of the job growth in Maine over the past […]

Joel Johnson
Posted October 29, 2014
Tags Employment, Jobs
Jobs and Income

Broadly-Measured Unemployment Continues Slow Road to Recovery

Although remaining well-above pre-recession levels, Maine’s “U6” rate of unemployment is showing signs of improvement along with the nation as a whole, according to data released last […]

Joel Johnson
Posted October 28, 2014
Tags Employment, Jobs
Jobs and Income

Maine’s Lack of Population and Job Growth Tamps Down Growth in Wages and Salaries

Today’s data release from the Bureau of Economic Analysis shows Maine’s personal income growth kept pace with the nation and the region in the second quarter of 2014, but […]

Joel Johnson
Posted September 30, 2014
Tags Employment, Incomes, Job Quality, Jobs
Maine’s Economy

Child poverty fell in 2013, but median household income continues to go nowhere

Child poverty in Maine fell back to pre-recession levels in 2013, but income for the median household and the overall poverty rate saw no improvement, according to […]

Joel Johnson
Posted September 18, 2014
Tags Children, Incomes, Job Quality, Poverty
Jobs and Income

A simple 1-2 punch to give working Mainers a raise

Increasing Maine’s earned income tax credit and raising the state’s minimum wage would go a long way toward making work pay for Maine’s families today and lay […]

Joel Johnson
Posted September 5, 2014
Tags EITC, Minimum Wage
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