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
Taxes and Budget New report: State 'millionaires' taxes' can fund key investments without harming state economies CONTACT: Mario Moretto: mario@mecep.org; 207-620-1101; Maine Center for Economic Policy Jacob Kaufman-Waldron: jkaufmanwaldron@cbpp.org; 202-325-8746; Center on Budget and Policy Priorities AUGUSTA, Maine – State income tax increases […] Posted February 8, 2019 Tags Budget, Income Tax, Taxes
Taxes and Budget To fund shared prosperity, we must end LePage-era tax cuts for the wealthiest For years under Gov. Paul LePage, budget-busting tax cuts robbed our state of the revenue we need to build a stronger, fairer economy. Tax cuts delivered windfalls […] Sarah Austin Posted February 6, 2019 Tags Budget, Income Tax
Taxes and Budget Guest Blog: Who pays and why it matters Aidan Davis, senior policy analyst at the Institute on Taxation and Economic Policy, delivered the following keynote address at MECEP’s 2019 Policy Insights Conference. We’re grateful to […] MECEP Posted January 22, 2019 Tags Income Tax, Property Tax, Sales Tax, Tax Fairness, Taxes
Taxes and Budget Maine still has work to do in building a balanced and adequate tax code Building an inclusive economy requires tax policy that meets two conditions. The first is that those with the most are asked to pay more, or at the […] Sarah Austin Posted October 17, 2018 Tags Income Tax, Tax Fairness, Taxes
Taxes and Budget Policy Brief — Wealthy Mainers have deep roots: Why taxes don't spur interstate moves Summary: Mainers want to live in thriving communities with good schools, affordable housing, safe roads, reliable public services and good jobs. Shoring up public investments that make […] Sarah Austin Posted October 15, 2018 Tags Income Tax, Tax Fairness, Taxes
Taxes and Budget New report: Since Bush Tax Cuts, wealthiest one-fifth of Americans have reaped 65 percent of federal tax breaks In a new report, the Institute on Taxation and Economic Policy reveals that tax cuts since the George W. Bush administration have disproportionately benefited the wealthiest American […] Sarah Austin Posted July 16, 2018 Tags Income Tax, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Income Tax Cuts for the Wealthy or Property Tax Cuts for Everyone: A tale of two budgets According to the online calculator put out by the Maine Center for Economic Policy, a Rockland family with two children earning $56,000 a year and owning a […] The Free Press Posted April 27, 2017 Tags Budget, Income Tax, Property Tax, Tax Fairness, Taxes