Maine’s Economy

Maine’s economic recovery relies on vaccines and a stimulus in 2021

Myall: If Congress doesn’t take the right approach to relief for individuals and governments, we could see a slower recovery or even a second recession. In particular, […]

Bangor Daily News

Posted December 24, 2020

Tags Coronavirus, Federal, Recession

Jobs and Income

Pandemic leads more Mainers to work fewer hours or in less-skilled jobs

The number of underemployed workers typically increases during times of economic downturn, as individuals who are struggling to get by or lose unemployment benefits are more likely […]

Bangor Daily News

Posted December 19, 2020

Tags Coronavirus, Employment, Jobs

Jobs and Income

Most unemployed Mainers will lose benefits as virus spikes

The majority of people on unemployment — about 29,600, according to the Maine Department of Labor — will lose benefits when federal programs expire on Dec. 26. […]

Bangor Daily News

Posted November 17, 2020

Tags Coronavirus, Federal, Unemployment

Maine’s Economy

White House says Trump policies have helped Maine, but data predate pandemic

Maine State Economist Amanda Rector said there are many different reasons why incomes change from year to year, making it very challenging to attribute trends to any […]

Bangor Daily News

Posted October 27, 2020

Tags Economy, Federal

Taxes and Budget

2021 will bring another Maine budget fight on taxes and spending

Progressive groups including the Maine Center for Economic Policy are renewing an advocacy push to raise taxes on high earners in the state as a way to avoid cuts. […]

Bangor Daily News

Posted October 13, 2020

Tags Budget, Taxes

Taxes and Budget

Both spending cuts and revenue increases must be considered to balance budget

New research from the left-leaning Maine Center for Economic Policy shows that lowering taxes doesn’t necessarily spur economic activity. For example, after the 2008 recession, five states, including Maine, […]

Bangor Daily News

Posted September 14, 2020

Tags Budget, Revenue, Taxes

Maine’s Economy

What the road ahead looks like for Maine’s economy

James Myall, policy analyst with the left-leaning Maine Center for Economic Policy in Augusta, said that like the Great Recession from 2007 and 2009 that took eight […]

Bangor Daily News

Posted September 1, 2020

Tags Economic Security, Economy, Recession

Taxes and Budget

Maine goes into austerity mode as coronavirus takes steep budget toll

Republicans are saying they told her so as she looks to cut out a similar portion. Progressives, on the other hand, are beginning to lament the tilt […]

Bangor Daily News

Posted August 6, 2020

Tags Budget, Coronavirus, Recession, Revenue

Jobs and Income

What’s at stake for Maine as $600 unemployment bonus winds down

If that federal money were stopped, it would mean less money spent in grocery stores or getting takeout or more people not being able to afford rent. […]

Bangor Daily News

Posted July 22, 2020

Tags Coronavirus, Federal, Unemployment

Maine’s Economy

Congress should prioritize state, local services over tax breaks for the wealthy, corporations

“Available indicators forecast a new recession triggered by the spread of COVID-19, with the economic damage poised to hit harder and faster than any downturn in recent […]

Bangor Daily News

Posted May 14, 2020

Tags Coronavirus, Federal, Tax Breaks

Bangor Daily News

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Maine’s economic recovery relies on vaccines and a stimulus in 2021

Pandemic leads more Mainers to work fewer hours or in less-skilled jobs

Most unemployed Mainers will lose benefits as virus spikes

White House says Trump policies have helped Maine, but data predate pandemic

2021 will bring another Maine budget fight on taxes and spending

Both spending cuts and revenue increases must be considered to balance budget

What the road ahead looks like for Maine’s economy

Maine goes into austerity mode as coronavirus takes steep budget toll

What’s at stake for Maine as $600 unemployment bonus winds down

Congress should prioritize state, local services over tax breaks for the wealthy, corporations