Taxes and Budget

Economists, lawmakers caution against squandering unexpected fiscal strength on tax cuts

“Is it really a surplus if we’re not paying for these really essential needs that Mainers have?” asked Maura Pillsbury, a state and local tax analyst with […]

Beacon

Posted February 6, 2023

Tags Budget, Revenue, Tax Breaks, Tax Fairness, Taxes

Taxes and Budget

Maine again has a chance to stop corporations from avoiding taxes

Last year, Congress failed to pass a proposal to limit corporations from avoiding income tax by reforming how corporate income taxes are determined. But the Maine legislature […]

Maura Pillsbury

Posted January 30, 2023

Tags Revenue, Tax Fairness, Tax Havens, Taxes

Taxes and Budget

Pension exemptions benefit wealthy households and compromise resources

This year, lawmakers included a tax change in the state’s budget that will significantly expand tax benefits for pension recipients in Maine. Beginning in 2023, pension recipients […]

Sarah Austin

Posted August 25, 2022

Tags Income Tax, Incomes, Revenue, Tax Fairness, Taxes

Taxes and Budget

A recent history of Maine’s swiftly evolving tax code

For most of the 1990s and 2000s, Maine’s tax code remained relatively stable. Corporate and income tax rates were unchanged and except for modifications to how the […]

Sarah Austin

Posted August 4, 2022

Tags Budget, EITC, Income Tax, Property Tax, Revenue, Sales Tax, Tax Fairness, Taxes

Maine’s Economy

Paul LePage Is Back!

By most metrics, despite the high inflation and soaring energy costs, Governor Mills has a sterling set of accomplishments to fall back on during her reelection campaign […]

The Nation

Posted May 31, 2022

Tags Economic Security, Economy, Jobs, Poverty, Revenue

Taxes and Budget

Once again, Legislature extends broken tax break for businesses

When funding is funneled away from public priorities like schools, infrastructure, and health care and into business tax breaks, we should be confident that the spending is […]

Maura Pillsbury

Posted May 27, 2022

Tags Economic Security, Revenue, Tax Breaks, Tax Fairness, Taxes

Taxes and Budget

Paul LePage keeps proposing tax ideas that would harm average Mainers

LePage’s second term plans for slashing, leading to an elimination of, the income tax would have also raised sales taxes, which hit low and middle income people more. A 2017 analysis […]

Bangor Daily News

Posted May 24, 2022

Tags Economic Security, Revenue, Tax Fairness, Taxes

Taxes and Budget

Republican lawmakers want to give millionaires $850

Republican legislators are proposing to remove income caps from the governor’s planned $850 COVID Pandemic Relief Payments. This would make the richest 20 percent of Maine households, […]

Sarah Austin

Posted April 7, 2022

Tags Budget, Coronavirus, Revenue, Tax Fairness, Taxes

Taxes and Budget

Poll: Mainers prefer investments in housing, infrastructure over one-time checks

Policy analysts at the Maine Center for Economic Policy have argued that if the one-time checks were more narrowly targeted, and the amount deposited in the Rainy […]

Beacon

Posted March 30, 2022

Tags Budget, Revenue

Taxes and Budget

Biden proposes billionaire tax to pay for increased spending on military, public health

Megan Michaud, vice president of programs and policy with the Maine Center for Economic Policy, said by closing offshore tax loopholes and taxing the unrealized capital gains on […]

Beacon

Posted March 29, 2022

Tags Budget, Federal, Revenue, Tax Fairness, Taxes

Revenue

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Economists, lawmakers caution against squandering unexpected fiscal strength on tax cuts

Maine again has a chance to stop corporations from avoiding taxes

Pension exemptions benefit wealthy households and compromise resources

A recent history of Maine’s swiftly evolving tax code

Paul LePage Is Back!

Once again, Legislature extends broken tax break for businesses

Paul LePage keeps proposing tax ideas that would harm average Mainers

Republican lawmakers want to give millionaires $850

Poll: Mainers prefer investments in housing, infrastructure over one-time checks

Biden proposes billionaire tax to pay for increased spending on military, public health