Taxes and Budget

Legislature splits the difference in final tax conformity compromise

FOR IMMEDIATE RELEASE: August 30, 2018 CONTACT: Mario Moretto, Communications Director mario@mecep.org (207) 620-1101 AUGUSTA, Maine — The Maine Center for Economic Policy has released a new […]

Posted August 31, 2018

Tags Federal, Tax Breaks, Tax Fairness, Taxes, Trump Tax Cuts

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

Eye on Augusta: Legislature passes extension of business tax breaks

Still, critics have long argued that tax subsidies are a lousy strategy to create jobs and that the money could be better used to address other needs […]

The Free Press

Posted April 26, 2018

Tags Tax Breaks, Taxes

Taxes and Budget

Investors could receive significant tax breaks if city is chosen as Opportunity Zone

From the article “There’s not a lot of evidence to show that companies or individuals invest because of these programs,” [said James Myall, MECEP policy analyst]. Read […]

The Ellsworth American

Posted April 6, 2018

Tags Local, Tax Breaks, Taxes

Taxes and Budget

MECEP Op-Ed in the Press Herald: LePage’s tax plan gives huge benefits to a few at expense of the many

We can fully fund our public schools. We can build a robust infrastructure that lays the groundwork for sustained, shared economic prosperity. We can maintain a public […]

Portland Press Herald

Posted March 29, 2018

Tags Tax Breaks, Tax Fairness, Taxes

Taxes and Budget

PPH Editorial: Our View: Expensive tax overhaul wrong move for Maine

The most expensive part of LePage’s package is a revved-up depreciation schedule for businesses that would cost the state $55 million in the current budget, according to […]

Portland Press Herald

Posted March 15, 2018

Tags Federal, Tax Breaks, Tax Fairness, Taxes, Trump Tax Cuts

Taxes and Budget

BDN Editorial: Tax conformity not a top priority for Maine

Given this, there is no reason for Maine to conform with the federal tax changes. In fact, Gov. Paul LePage acknowledges this and has warned Maine legislators […]

Bangor Daily News

Posted March 10, 2018

Tags Federal, Tax Breaks, Tax Fairness, Taxes, Trump Tax Cuts

Taxes and Budget

Tens of millions in proposed tax breaks for profitable businesses jeopardize Maine's future

This legislative session, lawmakers face a critical choice for Maine’s future: invest in the things that help our communities thrive and all of us prosper, or hand […]

Mario Moretto

Posted March 1, 2018

Tags Revenue, Tax Breaks, Taxes, TCJA

Taxes and Budget

PRESS RELEASE: LePage Tax Bill siphons revenue from Maine's future to pay for benefits to profitable businesses and wealthy households

AUGUSTA, Maine – Gov. Paul LePage’s administration on Thursday unveiled the governor’s tax conformity bill – an $88.2 million proposal to adopt portions of the Trump Tax Plan […]

Posted March 1, 2018

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

Maine’s Economy

Press Release: New revenue identified in latest forecast should fund state needs, not tax breaks

AUGUSTA, Maine — The state’s Revenue Forecasting Committee told lawmakers on Tuesday that Maine’s General Fund will exceed original estimates by roughly $128.5 million in the current budget […]

Posted February 27, 2018

Tags Budget, Revenue, Tax Breaks, Taxes

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Legislature splits the difference in final tax conformity compromise

New report: Since Bush Tax Cuts, wealthiest one-fifth of Americans have reaped 65 percent of federal tax breaks

Eye on Augusta: Legislature passes extension of business tax breaks

Investors could receive significant tax breaks if city is chosen as Opportunity Zone

MECEP Op-Ed in the Press Herald: LePage’s tax plan gives huge benefits to a few at expense of the many

PPH Editorial: Our View: Expensive tax overhaul wrong move for Maine

BDN Editorial: Tax conformity not a top priority for Maine

Tens of millions in proposed tax breaks for profitable businesses jeopardize Maine's future

PRESS RELEASE: LePage Tax Bill siphons revenue from Maine's future to pay for benefits to profitable businesses and wealthy households

Press Release: New revenue identified in latest forecast should fund state needs, not tax breaks