Maine’s Economy, Taxes and Budget About that tax ranking… 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” are memorable and get a […] 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
Maine’s Economy, Taxes and Budget The Child Tax Credit — An Explainer Updated July 11, 2023 What is the Child Tax Credit? The Child Tax Credit (CTC) is one of the most effective tools to help families manage the […] MECEP Posted May 2, 2023 Tags Child Tax Credit, Children, Economic Security, Economy, Explainer, Income Tax, Tax Fairness, 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
Taxes and Budget It’s time to shine a light on corporate tax avoidance When corporations don’t pay what they owe in taxes, Maine people, communities, and small businesses end up footing the bill. As Maine Center for Economic Policy has […] Maura Pillsbury Posted April 10, 2023 Tags Corporate Power, Economy, Income Tax, Inequality, Tax Breaks, Tax Fairness
Taxes and Budget Impacts of proposed income tax rate reduction House and Senate Republicans are demanding income tax cuts be part of the budget, and Democrats in the legislature were right to make sure they didn’t have […] MECEP Posted March 29, 2023 Tags Income Tax, Inequality, Tax Breaks, Tax Fairness, Taxes
Maine’s Economy, Taxes and Budget MECEP reaction to State of the Budget address Maine Center for Economic Policy (MECEP) president and CEO Garrett Martin reacts to Governor Mills’ State of the Budget address: “State budget choices can change lives. Maine […] Posted February 15, 2023 Tags Budget, Corporate Power, Economic Security, Economy, Family and Medical Leave, Income Tax, Tax Fairness, Taxes
Maine’s Economy How they met economic challenges gives a glimpse into the major candidates for governor The idea was to give more money back to Mainers, but getting rid of the income tax entirely has met resistance from fellow Republicans in the past. And the move […] The Maine Monitor Posted October 9, 2022 Tags Economic Security, Economy, Income Tax, Tax Fairness, Taxes
Taxes and Budget Tax freeze program fails to focus on older Mainers who need it most All older Mainers deserve access to safe and affordable housing, without the fear of being unable to pay their bills or losing their home as they age. […] Maura Pillsbury Posted September 8, 2022 Tags Economy, Housing, Income Tax, Incomes, Property Tax, Seniors, Taxes
Taxes and Budget The coming tax debate between Janet Mills and Paul LePage LePage wants to supercharge this idea in his first year, telling WMTW he would begin his plan to phase out Maine’s income tax by exempting all pension income from […] Bangor Daily News Posted September 2, 2022 Tags Budget, Income Tax, Property Tax, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Pension exemptions benefit wealthy households and compromise resources This year, lawmakers included a tax change in the state’s budget that will significantly expand tax benefits for pension recipients in Maine. Beginning in 2023, pension recipients […] Sarah Austin Posted August 25, 2022 Tags Income Tax, Incomes, Revenue, Tax Fairness, Taxes