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Taxes and Budget

Maine Sunday Telegram overstates the impact of Governor LePage’s proposed income tax changes (chart 2)

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

How Maine's Personal Income Taxes Work

Mainers calculate their state personal income tax in three basic steps. The 2015 state budget changes how Mainers will calculate each step.  Step One: Calculate Taxable Income […]

Mark Sullivan
Posted February 22, 2016
Tags Income Tax
Taxes and Budget

MECEP Statement on Gov. LePage's Proposal to Seek a Ballot Initiative to Reduce Maine’s Income Tax to 4 Percent by 2021

Augusta, Maine (Tuesday, September 22, 2015) The Maine Center for Economic Policy (MECEP) issued the following statement in response to media reports that Gov. LePage and the Maine Republican Party […]

Posted September 22, 2015
Tags Income Tax, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget

MECEP Hails Tax Committee Vote Against Income Tax Repeal Amendment

“We applaud the committee for rejecting this reckless gimmick that would put funding for schools and other vital service at risk”  Augusta, Maine (Wednesday, May 13, 2015) […]

Posted May 13, 2015
Tags Income Tax, Tax Breaks, Tax Fairness, Taxes
Maine’s Economy, Taxes and Budget

3 unsavory ways to pay for eliminating Maine’s income tax

Maine’s Constitution requires a balanced budget. Eliminating the state’s income tax. as the governor proposes to do in 2020, will blow a $1.7 billion hole in the […]

Mark Sullivan
Posted May 5, 2015
Tags Economy, Education, Income Tax, Property Tax, Tax Breaks, Tax Fairness, Taxes
Maine’s Economy, Taxes and Budget

MECEP: Eliminating Maine's Income Tax "Will Tear a $1.7 Billion Hole" in Future Budgets, "Puts Funding for Schools and Other Vital Services at Risk"

Augusta, Maine (Tuesday, May 5, 2015) “Gov. LePage’s proposed constitutional amendment to end Maine’s income tax is a huge giveaway to Maine’s wealthiest residents that will put funding […]

Posted May 5, 2015
Tags Budget, Income Tax, Revenue, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget

Testimony in Opposition to LD 1367, A Resolution, Proposing an Amendment to the Constitution of Maine to Eliminate the Income Tax

Like other states across the country, Maine’s constitution requires that the legislature balance the state budget every year, so any income tax cut must result in some […]

Mark Sullivan
Posted May 5, 2015
Tags Income Tax, Tax Fairness, Taxes
Maine’s Economy, Taxes and Budget

Eliminating Maine’s income tax: A boon to wealthy Mainers, will hurt everyone else

Two weeks ago Governor LePage notified lawmakers of his intention to amend Maine’s constitution to eliminate the state’s income tax by 2020. This may mean the governor […]

Garrett Martin
Posted May 4, 2015
Tags Economy, Income Tax, Property Tax, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget

Testimony in Support of LD 835: An Act to Amend the Individual Income Tax Laws

LD 835 would raise more than $55 million per year in revenue for the General Fund and affect only about 2% of Maine’s taxpayers—the very highest-income households— […]

Mark Sullivan
Posted April 28, 2015
Tags Income Tax
Taxes and Budget

Low-income Maine residents would benefit from Governor LePage’s proposed sales tax fairness credit

Buried in Governor LePage’s tax reform proposal is a good provision that would create new refundable income tax credit for low-income Maine residents. This credit is meant […]

Marpheen Chann-Berry
Posted March 25, 2015
Tags Income Tax, Tax Fairness, Taxes
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