Maine’s Economy, Taxes and Budget Brief: Tax Policy Solutions for 2025 and Beyond READ THE BRIEF At a glance Maine’s tax code is inadequate for current and future needs. Policies since 2011 have favored the wealthy and corporations, reducing resources […] Maura Pillsbury Posted November 21, 2024 Tags Economic Security, Economy, Estate Tax, Income Tax, Property Tax, Sales Tax, Tax Fairness, Taxes
Jobs and Income, Taxes and Budget 3 reasons why “no tax on tips” isn’t all it’s cracked up to be Both Vice President Harris and former President Trump have recently endorsed the idea of exempting tipped income from federal income taxes. The effort also has a vehicle […] James Myall Posted August 30, 2024 Tags Income Tax, Incomes, Job Quality, Jobs, Tax Breaks, Tax Fairness, Taxes, Wages
Jobs and Income, Taxes and Budget Maine shows that Donald Trump’s ‘no taxes on tips’ idea could be messy James Myall, an analyst with the liberal Maine Center for Economic Policy, agreed with Posik that state lawmakers could adjust Maine laws to conform with no federal […] Bangor Daily News Posted August 19, 2024 Tags Income Tax, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Mills vetoes bill restructuring income tax brackets Garrett Martin, president and CEO of the Maine Center for Economic Policy, said in a statement Friday that the governor’s veto is a missed opportunity to add […] Portland Press Herald Posted April 28, 2024 Tags Income Tax, Tax Fairness, Taxes
Taxes and Budget Mills vetoes bill that would have taxed wealthy Mainers at higher rates In a statement following the veto, Garrett Martin, president and CEO at the Maine Center for Economic Policy, also said there wouldn’t have been much benefit to […] Maine Morning Star Posted April 26, 2024 Tags Income Tax, Tax Fairness, Taxes
Taxes and Budget Gov. Janet Mills vetoes income tax changes, clean energy workforce bills While Republicans have been pushing for years for lower income tax rates, progressive groups have been calling for higher taxes on the wealthiest Mainer residents. Garrett Martin, […] Maine Public Posted April 26, 2024 Tags Income Tax, Tax Fairness, Taxes
Taxes and Budget Janet Mills vetoes a Republican’s proposal to raise income tax rates on wealthier Mainers Garrett Martin, president and CEO of the liberal Maine Center for Economic Policy, said Mills “missed a valuable opportunity to add fairness to Maine’s tax code.” Martin […] Bangor Daily News Posted April 26, 2024 Tags Income Tax, Tax Fairness, Taxes
Maine’s Economy, Taxes and Budget The Child Tax Credit — An Explainer Updated February 1, 2024 The House recently passed a bipartisan tax package that would expand the federal Child Tax Credit. The legislation will next be considered by […] Karin Leuthy Posted January 24, 2024 Tags Child Tax Credit, Children, Economic Security, Economy, Explainer, Income Tax, Tax Fairness, Taxes
Maine’s Economy, Taxes and Budget About that tax ranking… Note: Updated April 15, 2024 As lawmakers debate tax credits, cuts, and subsidies, we often hear Maine’s tax policy compared with other states. State-by-state rankings and “listicles” […] MECEP Posted May 30, 2023 Tags Budget, Child Tax Credit, EITC, Income Tax, Inequality, Property Tax, Racial Equity, Sales Tax, Tax Breaks, Tax Fairness, Tax Havens, Taxes
Taxes and Budget Taxes are complicated, but the way we think about tax policy doesn’t have to be When we all pitch in to pay for the services and infrastructure that build a thriving economy, everyone benefits. But if some people and corporations don’t pay […] MECEP Posted April 14, 2023 Tags Economy, Income Tax, Tax Fairness, Taxes