Taxes and Budget Lawmakers should invest in the needs of Maine families Instead of facing these crises head on, Mills is proposing that the state spend $4.6 million to establish the new Dirigo Business Incentive Program, which would give money […] Bangor Daily News Posted June 2, 2023 Tags Revenue, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Proposed Dirigo business subsidy is a bad deal for Maine and could worsen inequality The Mills administration is rushing through a $55 million per year tax giveaway for businesses without proper vetting that could worsen inequality in Maine. As recently noted […] Maura Pillsbury Posted May 31, 2023 Tags Revenue, Tax Breaks, Tax Fairness, Taxes
Maine’s Economy, Taxes and Budget About that tax ranking… Note: Updated April 15, 2024 As lawmakers debate tax credits, cuts, and subsidies, we often hear Maine’s tax policy compared with other states. State-by-state rankings and “listicles” […] MECEP Posted May 30, 2023 Tags Budget, Child Tax Credit, EITC, Income Tax, Inequality, Property Tax, Racial Equity, Sales Tax, Tax Breaks, Tax Fairness, Tax Havens, Taxes
Taxes and Budget Our View: Lawmakers should use child tax credit to boost next generation of Mainers “The child tax credit has such a transformational impact on children’s lives that every dollar spent on the credit has a ten dollar return on investment to […] Portland Press Herald Posted May 26, 2023 Tags Child Tax Credit, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Effort to undo LePage’s estate tax cut for millionaires returns to Augusta Between 1973 and 2015, according to the Maine Center for Economic Policy, the top 1% of Maine families captured 42% of all income growth, leaving just 57% for the […] Beacon Posted May 18, 2023 Tags Estate Tax, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget 10 unanswered questions about the proposed Dirigo business subsidy Governor Mills is proposing a big new tax subsidy for businesses. The Dirigo tax credit would cost an estimated $54.5 million per year and provide business tax […] Maura Pillsbury Posted May 17, 2023 Tags Corporate Power, Economic Security, Economy, Tax Breaks
Taxes and Budget Podcast: Are corporate tax breaks worth it? Probably not. As Gov. Janet Mills looks to “modernize” the Pine Tree Empowerment Zone corporate tax credit program, Esther and Ben are joined by Maura Pillsbury of the Maine […] Beacon Posted May 11, 2023 Tags Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Some lawmakers call for more robust Maine Child Tax Credit Advocates of the bill also say “CTC” will have long term benefits. “Research has shown that the child tax credit, every dollar we spend on it, generates […] WGME Posted May 4, 2023 Tags Child Tax Credit, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Key Maine lawmakers are optimistic about reaching a tax-cut deal Going back to the era of former Gov. Paul LePage, Republicans have been focused on income tax cuts. Democrats have favored programs aiming to reduce property taxes. A child […] Bangor Daily News Posted May 4, 2023 Tags Budget, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Policy Brief: Are Tax Giveaways Worth the Money? Download the PDF version FULL REPORT SUMMARY Maine forgoes billions of dollars in revenue each year by giving out tax breaks. These tax giveaways are costly and […] Maura Pillsbury Posted May 1, 2023 Tags Budget, Revenue, Tax Breaks, Tax Fairness, Taxes
