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 Paul LePage’s new plan for his old tax cut ideas His last budget proposal in 2017 was criticized by the Maine Center for Economic Policy, which said it would raise taxes on 80 percent of Mainers when […] Bangor Daily News Posted July 6, 2022 Tags Budget, Income Tax, Taxes
Maine’s Economy Everything You Need To Know About Maine Stimulus Checks In an attempt to help residents deal with high inflation costs, Maine has begun issuing $850 stimulus payments to qualified taxpayers. As of June 24, stimulus checks […] Forbes Posted June 24, 2022 Tags Budget, Economy
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 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 ‘Unconscionable’: Lawmakers criticize budget plan to send checks to higher-income Mainers Some advocates also praised the budget plan. In an email, Maine Center for Economic Policy president Garrett Martin lauded the expansion of the Earned Income Tax Credit and […] Beacon Posted April 15, 2022 Tags Budget
Taxes and Budget MECEP statement on bipartisan budget package AUGUSTA, Maine — Garrett Martin, president & CEO at the Maine Center for Economic Policy (MECEP), released the following statement in reaction to the budget deal announced […] Posted April 15, 2022 Tags Budget
Taxes and Budget Podcast: Better targeting Maine’s one-time checks could fund health care and housing James Myall of the Maine Center for Economic Policy joins the podcast to discuss the current debate in the State House over how much should be sent […] Beacon Posted April 7, 2022 Tags Budget
Taxes and Budget Editorial: Crime and treatment The ACLU and Maine Center for Economic Policy make the case for decriminalizing the use and possession of drugs and investing instead in things like treatment, recovery […] Mount Desert Islander Posted April 7, 2022 Tags Budget, Economic Security, Economy, Inequality
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