Taxes and Budget Policy Brief: Are Tax Giveaways Worth the Money? Download the PDF version FULL REPORT SUMMARY Maine forgoes billions of dollars in revenue each year by giving out tax breaks. These tax giveaways are costly and […] Maura Pillsbury Posted May 1, 2023 Tags Budget, Revenue, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget It’s time to shine a light on corporate tax avoidance When corporations don’t pay what they owe in taxes, Maine people, communities, and small businesses end up footing the bill. As Maine Center for Economic Policy has […] Maura Pillsbury Posted April 10, 2023 Tags Corporate Power, Economy, Income Tax, Inequality, Tax Breaks, Tax Fairness
Taxes and Budget Maine should tax big corporate tax dodgers This year, Congress made a big change to how massive corporations — those with profits over $1 billion — are taxed by establishing a “real profits tax” […] Maura Pillsbury Posted March 27, 2023 Tags Revenue, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Modernize the spending cap to meet the moment The state budget allows us to make important investments in the future of our state and all Mainers by funding our schools, health care, infrastructure, and communities. […] Maura Pillsbury Posted February 16, 2023 Tags Budget, Economic Security, Economy
Taxes and Budget Maine again has a chance to stop corporations from avoiding taxes Last year, Congress failed to pass a proposal to limit corporations from avoiding income tax by reforming how corporate income taxes are determined. But the Maine legislature […] Maura Pillsbury Posted January 30, 2023 Tags Revenue, Tax Fairness, Tax Havens, Taxes
Taxes and Budget Tax freeze program fails to focus on older Mainers who need it most All older Mainers deserve access to safe and affordable housing, without the fear of being unable to pay their bills or losing their home as they age. […] Maura Pillsbury Posted September 8, 2022 Tags Economy, Housing, Income Tax, Incomes, Property Tax, Seniors, Taxes
Taxes and Budget Lack of corporate tax transparency hurts Maine When corporations receive lucrative tax incentives and fail to pay their fair share in taxes, they profit from the hard work of Mainers and exploit the resources […] Maura Pillsbury Posted July 5, 2022 Tags Economy, Income Tax, Tax Fairness, Taxes
Taxes and Budget Once again, Legislature extends broken tax break for businesses When funding is funneled away from public priorities like schools, infrastructure, and health care and into business tax breaks, we should be confident that the spending is […] Maura Pillsbury Posted May 27, 2022 Tags Economic Security, Revenue, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget How Maine is spending federal rescue plan funds Under the Biden administration’s American Rescue Plan Act (ARPA), over $4.5 billion of federal funding is flowing into Maine to contend with the impacts of the COVID-19 […] Maura Pillsbury Posted May 19, 2022 Tags ARPA, Budget, Children, Economic Security, Economy, Health Care, Infrastructure
Taxes and Budget American Rescue Plan funds create local opportunities to advance equitable pandemic recovery Congress passed the American Rescue Plan Act (ARPA) in March of 2021, sending $130 billion dollars to county and municipal governments across the country to support recovery […] Maura Pillsbury Posted March 15, 2022 Tags Budget, Infrastructure, Local