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Maine’s Economy, Taxes and Budget

The Child Tax Credit — An Explainer

Updated July 30, 2025 What is the Child Tax Credit? The Child Tax Credit (CTC) is one of the most effective tools to help families manage the […]

Karin Leuthy
Posted July 30, 2025
Tags Child Tax Credit, Children, Economic Security, Economy, Explainer, Income Tax, Tax Fairness, Taxes
Maine’s Economy, Taxes and Budget

Wednesday Sit-Down: Trump's 'big, beautiful bill'

In this week’s Wednesday Sit-Down, Garrett Martin, CEO of the Maine Center of Economic Policy, sits down with CBS13/FOX23 to talk about the impacts of the “One […]

WGME
Posted July 10, 2025
Tags Budget, Economic Security, Economy, Federal, Tax Breaks, Trump Tax Cuts, Wednesday Sit Down
Health Care, Jobs and Income, Maine’s Economy, Taxes and Budget

How Trump’s “Big Beautiful Bill” further enriches the rich and immiserates the poor

On July 4, President Trump signed into law the “One Big Beautiful Bill Act” (OBBBA) after passage in the Senate and the US House of Representatives. It […]

James Myall
Posted July 8, 2025
Tags Budget, Child Tax Credit, Economic Security, Economy, Federal, Health Care, Immigration, Inequality, Jobs, Medicaid, Racial Equity, SNAP, Tax Fairness, Taxes, Trump Tax Cuts
Health Care, Jobs and Income, Maine’s Economy, Taxes and Budget

Statement on Final Passage of Federal Budget Reconciliation Bill

July 3, 2025 Congressional Republicans just turned a shell game into federal law — and working-class Americans are the marks. No one should be fooled by what […]

Posted July 3, 2025
Tags Affordable Care Act, Budget, Debt Ceiling, Economy, Federal, Medicaid, SNAP, Trump Tax Cuts
Taxes and Budget

Federal Budget Recap: House trades food security and health care for billionaire tax cuts in one big, ugly bill

By Megan Michaud and James Myall Updated June 25, 2025 In May, House Republicans passed legislation pairing spending cuts on food security, health, and other important programs […]

James Myall
Posted June 25, 2025
Tags Budget, Child Tax Credit, Economic Security, Economy, Federal, Medicaid, SNAP, Tax Fairness, Taxes, Trump Tax Cuts
Jobs and Income

Gov. Mills vetoes farmworker protections bill

Arthur Phillips, economic policy analyst at MECEP, called that bill a “historic step forward,” but wrote that the veto of LD 588 makes it a “partial victory.” […]

Beacon
Posted June 24, 2025
Tags Economic Security, Economy, Farmworkers, Inclusive Economy, Job Quality, Jobs, Racial Equity
Maine’s Economy

New federal bill threatens immigrants and Maine’s progress

Immigrants are vital to Maine’s communities and economy. They work in health care, agriculture, hospitality, and education. They raise families, pay taxes, and help counter our state’s […]

Megan Michaud
Posted June 18, 2025
Tags Child Tax Credit, Economic Security, Economy, Food Insecurity, Health Care, Immigration, Racial Equity, SNAP, Trump Tax Cuts
Health Care

Federal budget plan puts Maine’s rural hospitals at grave risk, reports show

More than 300 rural hospitals nationwide, including four in Maine, could close if the federal budget includes proposed deep cuts to Medicaid, according to two new analyses […]

James Myall
Posted June 18, 2025
Tags Economic Security, Economy, Federal, Health Care, Medicaid, Trump Tax Cuts
Taxes and Budget

Tax flight is a myth

With majority reports out of the legislature’s Taxation Committee, a number of bills are on their way to the floor to raise taxes on the wealthiest individuals […]

MECEP
Posted June 10, 2025
Tags Economy, Income Tax, Tax Fairness, Taxes
Taxes and Budget

Maine’s economy could lose more than $400 million in federal funds each year under the House reconciliation bill

A number of changes to safety net programs, particularly Medicaid (MaineCare) and the Supplemental Nutrition Assistance Program (SNAP) will lead to more than $400 million less in […]

James Myall
Posted May 22, 2025
Tags Economic Security, Economy, Food Insecurity, Health Care, Jobs, Medicaid, SNAP, TCJA, Trump Tax Cuts
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