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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
Taxes and Budget

Not filing an income tax return? You could be leaving as much as $1,000 on the table!

As the deadline for filing income taxes approaches, tens of thousands of Mainers who don’t owe any income tax should still file a return in order to […]

Garrett Martin
Posted March 31, 2017
Tags EITC, Income Tax
Taxes and Budget

Testimony neither for nor against LD 513, An Act to Eliminate the State Income Tax for Maine Public Employee Retirement System Pensions

“The primary beneficiaries of complete elimination of state income tax for MainePERS pension are likely to be wealthier households. Ultimately, these outcomes would subvert rather than enhance […]

Mark Sullivan
Posted February 27, 2017
Tags Income Tax
Taxes and Budget

Maine Sunday Telegram overstates the impact of Governor LePage's proposed income tax changes (chart 1)

Mark Sullivan
Posted January 18, 2017
Tags Budget, Income Tax, Taxes
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