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 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
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
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
Taxes and Budget Testimony in Opposition to Income and Estate Tax Cuts in the Governor’s Biennial Budget Proposal “We urge the legislature to reject the governor’s proposed tax cuts for three basic reasons. First, the proposal does not pay for the cuts. This is fiscally […] Mark Sullivan Posted February 17, 2015 Tags Estate Tax, Income Tax, Taxes
Taxes and Budget MECEP Statement on Gov. LePage's Proposal to Cut Income Taxes and Repeal Maine's Estate Tax Hearing today before the legislature’s Joint Standing Committees on Appropriations and Financial Affairs and Taxation Augusta, Maine (Tuesday, February 17, 2015) The Maine Center for Economic Policy […] Posted February 17, 2015 Tags Estate Tax, Income Tax, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Migration Mythologists Flee Facts Maine has gained more taxpayers and income than it has lost going back to the early 1990s, according to IRS tax records. In other words, for every […] Joel Johnson Posted November 24, 2014 Tags Economy, Income Tax, Taxes