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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
Taxes and Budget

Up to $6,885 available for low-income, working Mainers — but only if they file their taxes

Our economy does better when working people can afford the basics. One tool that helps is the Earned Income Tax Credit, a tax break for low- and […]

Sarah Austin
Posted January 31, 2020
Tags EITC, Income Tax, Taxes
Taxes and Budget

Governor's proposed budget plan would under-fund local services by $160 million

Many of the most important services are provided at the local level. Things like public safety, road maintenance, education, parks, and libraries support our economy and make […]

Sarah Austin
Posted March 22, 2019
Tags Budget, Homestead Exemption, Income Tax, Municipal Revenue Sharing
Taxes and Budget

Eliminating the income tax would rig our tax code for the wealthiest, guarantee budget shortfalls

Maine’s Legislature is considering a bill that would incrementally eliminate Maine’s income tax. While there is little likelihood of the bill becoming law, it’s critical to note […]

Sarah Austin
Posted March 14, 2019
Tags Income Tax, Tax Fairness, Taxes
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