Tax and Budget

Most Recent
March 20, 2017
Augusta, Maine (Monday, March 20, 2017) State legislators on the taxation committee will hold a public hearing today on several bills that would roll back the tax to pay for education enacted under Question 2, the ballot initiative passed by Maine voters in November 2016.
March 20, 2017
“Now that Question 2 is law, Maine has a bona fide path to fully funding education in 2018 and the wealthiest 1% of Maine households still pay a lower effective tax rate than the middle 75% of Maine families.
March 16, 2017
“The Trump budget is really a disaster from our perspective, and nothing more than a down payment on tax cuts for the wealthy at the expense of everyone else,” said Garrett Martin, executive director of the Maine Center for Economic Policy.
March 16, 2017
James Myall President Trump’s budget proposal, unveiled on Thursday, would have dramatic and detrimental effects on Mainers across the state, as it eliminates or reduces federal spending on a number of critical programs that help Maine build a strong economy and vibrant, thriving communities.
March 10, 2017
Michael Shepherd and Christopher Cousins, Bangor Daily News, March 10, 2017 Good morning from Augusta, where Gov. Paul LePage’s Office of Policy and Management released an economic impact study on a new 3 percent surtax on income over $200,000 that is drawing some criticism over its methodology.
March 10, 2017
Don Cookson, host of WZON-AM’s The Pulse Morning Show, interviewed Garrett Martin about the LePage administration’s flawed analysis of the economic impacts of the successful Q2 education funding referendum, click here.
March 10, 2017
Garrett Martin Economic impact analysis is not an exact science. It is rife with assumptions. Bad assumptions result in bad analysis. And bad analysis yields bad public policy.
March 7, 2017
“Those who benefit under an economic development policy should include Maine families who are most harmed by depressed economic conditions. Whether this is through new jobs or improved local economic conditions, these programs should be able to measurably show that they are helping lift up Maine families left behind by economic recession and industry upheaval.” For a PDF of this testimony as presented, click here.
February 27, 2017
“The primary beneficiaries of complete elimination of state income tax for MainePERS pension are likely to be wealthier households. Ultimately, these outcomes would subvert rather than enhance efforts to boost the economic security of struggling retirees and come at too high a price.” For a PDF of this testimony as delivered, click here.
February 24, 2017
“Longtime tax analyst Albert DiMillo, a retired accountant and tax director for Bath Iron Works, said the governor’s proposal would result in an average property tax increase of $320, a figure roughly equivalent to an estimate by the Maine Center for Economic Policy, and result in a ‘windfall for the top 1 percent’ of income earners.” by Andy O’Brien (Rockland) Free Press, February 235, 2017 Legislative committees in Augusta are continuing to hold hearings on Gov.