Taxes and Budget

Rollback of LePage’s estate tax cut for multi-millionaires would raise $14 million

The estate tax threshold is currently set at $5.8 million for any individual who has property in Maine, meaning that up to $5.8 million of a person’s […]

Beacon

Posted March 2, 2020

Tags Estate Tax, Tax Breaks, Tax Fairness, Taxes

Taxes and Budget

NEW REPORT: Wealth inequality is a growing problem. Fixing our watered-down estate tax will help solve it.

LD 420 would bring Maine in line with other New England states’ efforts to tax wealth AUGUSTA, Maine — Wealth taxes are one of the most effective […]

Posted February 27, 2020

Tags Estate Tax

Maine’s Economy, Taxes and Budget

Policy Brief: To address wealth inequality, Maine must strengthen its estate tax

More and more of society’s wealth is concentrated in the hands of a few families. At the same time, taxes that target the wealthy have been slashed, […]

Sarah Austin

Posted February 27, 2020

Tags Estate Tax, Inequality, Revenue, Tax Fairness, Taxes

Taxes and Budget

As session winds down, lawmakers can still fight inequality, start un-rigging the tax code by fixing the estate tax

Elected officials’ decisions to weaken our estate tax have perpetuated and exacerbated economic inequality in our state. It has delivered a massive tax break to the very […]

Sarah Austin

Posted June 14, 2019

Tags Estate Tax, Inequality, Tax Fairness

Taxes and Budget

Taxing the Rich Works

Advocates in some states have recently taken matters into their own hands and cooked up tax reform campaigns. In MAINE, the Prosperity Coalition campaign seeks to move Maine forward through […]

ITEP

Posted June 12, 2019

Tags Estate Tax, Inequality, Tax Fairness

Taxes and Budget

Experts say repealing estate tax cut for millionaires key to fixing Maine’s wealth gap

A legislative effort to undo massive estate tax cuts passed by former Gov. Paul LePage was praised by tax fairness advocates and policy experts at a public […]

Beacon

Posted March 7, 2019

Tags Estate Tax, Taxes

Taxes and Budget

Fixing Maine's estate tax will reduce inequality, secure funds for our future, and make our tax code more fair

Mainers experience dramatic economic inequality. Between 1973 and 2015, the top 1% of Maine families captured 42% of all income growth, leaving just 57% for the remaining […]

Sarah Austin

Posted March 4, 2019

Tags Estate Tax, Inequality

Taxes and Budget

Testimony in Opposition to 1622 "An Act to Eliminate the Maine Estate Tax"

“Eliminating the estate tax will generate a nearly $18 million give away to fewer than 60 of the wealthiest families owning property in Maine each year. These are […]

James Myall

Posted March 3, 2016

Tags Estate Tax

Taxes and Budget

Eliminating Maine’s Estate Tax Will Harm Future Prosperity of All Mainers

Governor LePage submitted a bill to eliminate Maine’s estate tax yesterday. The estate tax helps fund education, health care, and infrastructure that keeps our economy strong and […]

Sarah Austin

Posted March 2, 2016

Tags Estate Tax

Taxes and Budget

MECEP Statement on Governor LePage's Proposal to Eliminate Maine's Estate Tax

Augusta, Maine (Tuesday, March 1, 2016) The Maine Center for Economic Policy (MECEP) issued the following statement in response to Gov. LePage’s proposal (LD 1622) to eliminate Maine’s estate […]

Posted March 1, 2016

Tags Estate Tax, Tax Breaks, Tax Fairness, Taxes

Estate Tax

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Rollback of LePage’s estate tax cut for multi-millionaires would raise $14 million

NEW REPORT: Wealth inequality is a growing problem. Fixing our watered-down estate tax will help solve it.

Policy Brief: To address wealth inequality, Maine must strengthen its estate tax

As session winds down, lawmakers can still fight inequality, start un-rigging the tax code by fixing the estate tax

Taxing the Rich Works

Experts say repealing estate tax cut for millionaires key to fixing Maine’s wealth gap

Fixing Maine's estate tax will reduce inequality, secure funds for our future, and make our tax code more fair

Testimony in Opposition to 1622 "An Act to Eliminate the Maine Estate Tax"

Eliminating Maine’s Estate Tax Will Harm Future Prosperity of All Mainers

MECEP Statement on Governor LePage's Proposal to Eliminate Maine's Estate Tax