Taxes and Budget A recent history of Maine’s swiftly evolving tax code For most of the 1990s and 2000s, Maine’s tax code remained relatively stable. Corporate and income tax rates were unchanged and except for modifications to how the […] Sarah Austin Posted August 4, 2022 Tags Budget, EITC, Income Tax, Property Tax, Revenue, Sales Tax, Tax Fairness, Taxes
Taxes and Budget MECEP statement on federal “Inflation Reduction Act” Maine Center for Economic Policy (MECEP) applauds the proposed “Inflation Reduction Act” recently announced by US Senators Chuck Schumer and Joe Manchin and urges Maine’s Congressional delegation […] Posted August 1, 2022 Tags Corporate Power, Economic Security, Economy, Federal, Health Care, Income Tax, Inflation, Medicare, Tax Fairness, Taxes
Taxes and Budget Paul LePage’s new plan for his old tax cut ideas His last budget proposal in 2017 was criticized by the Maine Center for Economic Policy, which said it would raise taxes on 80 percent of Mainers when […] Bangor Daily News Posted July 6, 2022 Tags Budget, Income Tax, Taxes
Taxes and Budget Lack of corporate tax transparency hurts Maine When corporations receive lucrative tax incentives and fail to pay their fair share in taxes, they profit from the hard work of Mainers and exploit the resources […] Maura Pillsbury Posted July 5, 2022 Tags Economy, Income Tax, Tax Fairness, Taxes
Maine’s Economy, Taxes and Budget MECEP statement on state surplus budget proposal AUGUSTA, Maine — Garrett Martin, president & CEO at the Maine Center for Economic Policy (MECEP), released the following statement in reaction to Gov. Mills’ proposed allocation of Maine’s […] Posted March 3, 2022 Tags Budget, Economy, Income Tax
Taxes and Budget LePage income tax plan punishes poor while enriching wealthy Mainers, advocates say However, economic reports show that LePage-style economics significantly increase taxes for the bottom 80% of Maine families while enriching the wealthiest. In some instances under LePage’s tax policies, Maine’s […] Beacon Posted February 22, 2022 Tags Income Tax, Tax Breaks, Tax Fairness, Taxes
Maine’s Economy, Taxes and Budget Amending Build Back Better to lift SALT cap would undermine tax fairness As President Biden’s Build Back Better plan moves forward, Congressional leaders are considering an increase to the state and local tax (SALT) deduction. Under current law, individuals […] Sarah Austin Posted November 10, 2021 Tags Budget, Federal, Income Tax
Taxes and Budget Bills to raise taxes on high incomes would fund long-term investments in people and communities The wealthiest households in Maine have benefitted greatly from recent state and federal tax cuts. The top 1 percent receive over $50,000 a year in tax cuts […] Sarah Austin Posted May 6, 2021 Tags Budget, Income Tax, Revenue, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Maine lawmakers weigh income tax hikes, despite opposition from Mills Sarah Austin, a tax and budget policy analyst at the Maine Center for Economic Policy, said the measures would “raise significant and needed revenue and would do […] The Center Square Posted March 24, 2021 Tags Budget, Income Tax, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Tax Policy Options: Maine needs progressive revenue solutions to build a stronger, fairer future Download the PDF version Download The incoming Legislature has the opportunity to address longstanding problems in the state’s tax code that have made life harder for Maine […] Sarah Austin Posted January 27, 2021 Tags Budget, Estate Tax, Income Tax, Revenue, Sales Tax, Tax Fairness, Taxes