Explainers, 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, Explainer, 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

What is the Child Tax Credit? The Child Tax Credit (CTC) is one of the most effective tools for helping families manage the rising cost of raising […]

MECEP

Posted May 2, 2023

Tags Child Tax Credit, Children, Economic Security, Economy, 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, Explainer, 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

New 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

Income Tax

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About that tax ranking…

The Child Tax Credit — An Explainer

Taxes are complicated, but the way we think about tax policy doesn’t have to be

It’s time to shine a light on corporate tax avoidance

Impacts of proposed income tax rate reduction

MECEP reaction to State of the Budget address

How they met economic challenges gives a glimpse into the major candidates for governor

New tax freeze program fails to focus on older Mainers who need it most

The coming tax debate between Janet Mills and Paul LePage

Pension exemptions benefit wealthy households and compromise resources