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Taxes and Budget

REPORT: Solving Maine’s Pandemic Revenue Crisis

States that responded to the Great Recession by maintaining or increasing state jobs and spending outperformed states, such as Maine, that responded with layoffs and spending cuts. […]

Sarah Austin
Posted September 28, 2020
Tags Budget, Coronavirus, Revenue, Taxes
Taxes and Budget

RESEARCH REVIEW: State tax and budget cuts don’t boost economic activity and can cause harm

Supporters of tax cuts often claim they will directly boost economic activity. A large body of research refutes this argument. In a comprehensive review of four decades […]

MECEP
Posted August 18, 2020
Tags Budget, Economy, Recession, Revenue, Taxes
Taxes and Budget

Congress must act boldly to protect Maine families, communities from harm

Maine faces a revenue shortfall of at least $1.2 billion in the next fiscal year. If unaddressed, this fiscal crisis would hurt families and communities, and make the recession worse. Congress must include state fiscal relief in the next coronavirus bill.

Mario Moretto
Posted May 8, 2020
Tags Coronavirus, Federal, Recession
Taxes and Budget

REPORT: Maine needs fiscal relief now to address revenue shortfall of at least $1.2 billion

Just two months after the pandemic’s first ripples were felt in the economy, forecasters say unprecedented state revenue shortfalls jeopardize state and local budgets. In Maine, revenue […]

Sarah Austin
Posted May 5, 2020
Tags Budget, Coronavirus, Federal, Revenue
Maine’s Economy, Taxes and Budget

Policy Brief: To address wealth inequality, Maine must strengthen its estate tax

More and more of society’s wealth is concentrated in the hands of a few families. At the same time, taxes that target the wealthy have been slashed, […]

Sarah Austin
Posted February 27, 2020
Tags Estate Tax, Inequality, Revenue, Tax Fairness, Taxes
Maine’s Economy, Taxes and Budget

Policy Basic: Bonds are a vital tool for investing in the public good

A strong and thriving economy depends on long-term investments in roads and bridges, clean water and schools, and other public goods that benefit people and businesses now and in the […]

Jody Harris
Posted February 21, 2020
Tags Bonds, Infrastructure
Taxes and Budget

REPORT: Corporations' offshore tax haven abuse costs Mainers millions of dollars

Corporations depend on things like an educated workforce, consumers with enough income to pay for services and products, and infrastructure that facilitates commerce. As a state and […]

Sarah Austin
Posted February 5, 2020
Tags Revenue, Tax Fairness, Taxes
Taxes and Budget

Policy Brief: Big-box stores roll out 'dark store theory' for tax avoidance in Maine

Walmart, Lowe’s and others are pushing the dubious ‘dark store theory’ to manipulate property valuations and win tax cuts, leaving local budgets and other taxpayers holding the […]

Sarah Austin
Posted October 31, 2019
Tags Property Tax, Tax Breaks
Taxes and Budget

Policy Brief: Maine reaches new milestone in tax fairness

A fair tax system asks those who benefit the most from our economy to contribute proportionately toward investments that ensure future generations can also thrive. But since […]

Sarah Austin
Posted September 4, 2019
Tags EITC, Tax Fairness, Taxes
Taxes and Budget

Policy Brief: To help solve modern economic problems, working Mainers need a modern EITC

Working people need to be able to cover the basics for our state to truly prosper. When Mainers can reliably pay for transportation, food, housing, child care, […]

Sarah Austin
Posted April 22, 2019
Tags EITC
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