Taxes and Budget Bills to raise taxes on high incomes would fund long-term investments in people and communities The wealthiest households in Maine have benefitted greatly from recent state and federal tax cuts. The top 1 percent receive over $50,000 a year in tax cuts […] Sarah Austin Posted May 6, 2021 Tags Budget, Income Tax, Revenue, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget With baseline budget settled, lawmakers must shift focus to Maine's long-term recovery AUGUSTA, MAINE — Garrett Martin, executive director at the Maine Center for Economic Policy, released the following statement after the Maine Legislature approved a baseline biennial budget […] Posted March 30, 2021 Tags Budget, Coronavirus, Economic Security
Taxes and Budget MECEP statement on 'Back-to-Basics' budget AUGUSTA, MAINE — Garrett Martin, executive director at the Maine Center for Economic Policy, released the following statement about the ‘Back-to-Basics’ budget plan under consideration in the Maine […] Posted March 25, 2021 Tags Budget, Coronavirus, Jobs
Taxes and Budget Maine lawmakers weigh income tax hikes, despite opposition from Mills Sarah Austin, a tax and budget policy analyst at the Maine Center for Economic Policy, said the measures would “raise significant and needed revenue and would do […] The Center Square Posted March 24, 2021 Tags Budget, Income Tax, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Taxing the unearned income of the top 1 percent would help un-rig Maine’s tax code, boost resources for communities Most Mainers get the bulk of their income from wages. But those at the top of our economy often earn money in another way: They often have unearned income, from things like capital gains and […] Sarah Austin Posted March 16, 2021 Tags Budget, Inequality, Revenue, Tax Fairness, Taxes
Taxes and Budget Analyst: COVID relief provision seeks to ensure funds are spent on services, not tax cuts The federal provision doesn’t entirely prevent state officials from cutting taxes. Some scenarios, such as slashing one tax but offsetting it with a tax increase, wouldn’t be […] Beacon Posted March 16, 2021 Tags Budget, Coronavirus, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Eye on Augusta: Legislature Passes Tax Breaks for 28,000 Businesses and 160,000 Unemployed Workers Speaking in favor of the bill, Sarah Austin of the Maine Center for Economic Policy said that the measure would raise about $78 million in revenue each […] The Free Press Posted March 16, 2021 Tags Budget, Tax Fairness, Taxes
Taxes and Budget The state of Maine’s budget debate ahead of Janet Mills’ virtual speech But Sarah Austin, a budget analyst for the progressive Maine Center for Economic Policy and a member of the state’s economic forecasting commission, argues the opposite is true. […] Bangor Daily News Posted March 15, 2021 Tags Budget, Revenue
Taxes and Budget MECEP statement on passage of supplemental budget AUGUSTA, MAINE — Garrett Martin, executive director of the Maine Center for Economic Policy, released the following statement in response to the Legislature’s approval early Friday morning of […] Posted March 12, 2021 Tags Budget, Tax Breaks, Tax Fairness
Taxes and Budget MECEP response to supplemental budget votes from the Committee on Appropriations and Financial Affairs CONTACTGarrett Martingmartin@mecep.org207.620.1102 AUGUSTA, Maine — Garrett Martin, executive director of the Maine Center for Economic Policy, released the following statement in response to the divided reports from […] Posted March 5, 2021 Tags Budget, Revenue