Taxes and Budget

Pension exemptions benefit wealthy households and compromise resources

This year, lawmakers included a tax change in the state’s budget that will significantly expand tax benefits for pension recipients in Maine. Beginning in 2023, pension recipients […]

Sarah Austin

Posted August 25, 2022

Tags Income Tax, Incomes, Revenue, Tax Fairness, Taxes

Taxes and Budget

A recent history of Maine’s swiftly evolving tax code

For most of the 1990s and 2000s, Maine’s tax code remained relatively stable. Corporate and income tax rates were unchanged and except for modifications to how the […]

Sarah Austin

Posted August 4, 2022

Tags Budget, EITC, Income Tax, Property Tax, Revenue, Sales Tax, Tax Fairness, Taxes

Taxes and Budget

Earned Income Tax Credit expansion provides greater economic security for working families

We all want expanded opportunities for our communities and to ensure our neighbors have the support they need to be stable and secure. But corporations are raising […]

Sarah Austin

Posted May 16, 2022

Tags EITC, Incomes, Poverty, Tax Fairness

Taxes and Budget

The best of the budget for Maine’s economy

The 130th legislative session began with a surplus of more than $800 million which was revised up to $1.2 billion in March. The bipartisan budget approved last […]

Sarah Austin

Posted April 28, 2022

Tags Budget, Economic Security, Economy, Education, Housing, Infrastructure, K-12 Education, Tax Breaks, Tax Fairness, Taxes

Taxes and Budget

Republican lawmakers want to give millionaires $850

Republican legislators are proposing to remove income caps from the governor’s planned $850 COVID Pandemic Relief Payments. This would make the richest 20 percent of Maine households, […]

Sarah Austin

Posted April 7, 2022

Tags Budget, Coronavirus, Revenue, Tax Fairness, Taxes

Taxes and Budget

Making the most of Maine's historic surplus

When a state’s budget fully invests in its people and communities, everyone benefits. Today, Maine has a surplus and policymakers have an opportunity to improve people’s lives, […]

Sarah Austin

Posted March 1, 2022

Tags Budget, Economic Security, Education, Health Care, Job Quality, Paid Sick Days

Taxes and Budget

Ending tax haven abuse in Maine

By cleaning up loopholes in the corporate tax code that help corporations hide their US profits offshore, Maine can level the playing field for Main Street businesses […]

Sarah Austin

Posted February 17, 2022

Tags Budget, Revenue, Tax Breaks, Tax Fairness, Taxes

Taxes and Budget

Box retailers continue challenging Maine towns to get out of paying what they owe

The services, infrastructure, and amenities funded by property taxes increase our quality of life and help businesses succeed. But large, multi-national big-box retailers are increasingly turning to […]

Sarah Austin

Posted February 2, 2022

Tags Tax Breaks, Tax Fairness, Taxes

Maine’s Economy, Taxes and Budget

Amending Build Back Better to lift SALT cap would undermine tax fairness

As President Biden’s Build Back Better plan moves forward, Congressional leaders are considering an increase to the state and local tax (SALT) deduction. Under current law, individuals […]

Sarah Austin

Posted November 10, 2021

Tags Budget, Federal, Income Tax

Taxes and Budget

House Ways and Means Committee tax plan rebalances tax code, boosts incomes for Mainers

New analysis by the Institute on Taxation and Economic Policy found provisions in a bill recently approved by the House Ways and Means Committee would improve tax […]

Sarah Austin

Posted September 29, 2021

Tags Economic Security, Incomes, Tax Breaks, Tax Fairness, Taxes

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Pension exemptions benefit wealthy households and compromise resources

A recent history of Maine’s swiftly evolving tax code

Earned Income Tax Credit expansion provides greater economic security for working families

The best of the budget for Maine’s economy

Republican lawmakers want to give millionaires $850

Making the most of Maine's historic surplus

Ending tax haven abuse in Maine

Box retailers continue challenging Maine towns to get out of paying what they owe

Amending Build Back Better to lift SALT cap would undermine tax fairness

House Ways and Means Committee tax plan rebalances tax code, boosts incomes for Mainers