Taxes and Budget Maine Voices: All too often, business tax breaks don’t work for Mainers Programs that use public funds should be well designed so that money raised through taxes is not wasted, strengthens our communities and promotes long-term growth and opportunity […] Portland Press Herald Posted January 1, 2022 Tags Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Build Back Better Act is the transformative plan Maine needs Rep. Jared Golden opposed the bill in part because he disagreed with a provision lifting the cap on state and local tax deductions. The Maine Center for Economic Policy wrote […] Bangor Daily News Posted December 1, 2021 Tags Budget, Coronavirus, Federal, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Letter: Golden right to be concerned about SALT increase As the Maine Center for Economic Policy pointed out in a recent blog post, much of the benefit from the SALT tax would go to the top 1 […] Bangor Daily News Posted November 18, 2021 Tags Budget, Coronavirus, Federal, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget House Ways and Means Committee tax plan rebalances tax code, boosts incomes for Mainers New analysis by the Institute on Taxation and Economic Policy found provisions in a bill recently approved by the House Ways and Means Committee would improve tax […] Sarah Austin Posted September 29, 2021 Tags Economic Security, Incomes, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Legislative watchdog finds Maine seed capital program needs fixing Maine spends hundreds of millions of dollars each year in business tax incentives. Because allocating money for this purpose reduces potential investments in other priorities including education […] Maura Pillsbury Posted September 21, 2021 Tags Budget, Tax Breaks, Taxes
Taxes and Budget Higher taxes on corporations and the wealthiest can secure a lasting recovery for Maine “The Build Back Better legislation offers our members of Congress and senators a chance to deliver real results for Mainers. It’s a chance to lift children out of […] Bangor Daily News Posted September 6, 2021 Tags Budget, Federal, Revenue, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Story of the Session: the fight for tax fairness Mixed success The 130th Maine Legislature’s record on tax fairness is mixed. During one of the most chaotic and turbulent sessions in recent memory, the legislature was […] Ryan Tipping Posted August 16, 2021 Tags Budget, EITC, Estate Tax, Revenue, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Improved Child Tax Credit benefits all Mainers The Biden Administration’s expansion of the Child Tax Credit (CTC) provides guaranteed income to 90 percent of Maine families and will cut child poverty nearly in half. […] MECEP Posted August 10, 2021 Tags Children, Economic Security, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Legislature forms working group on tax expenditure review process The Maine Legislature is forming a working group to evaluate the State’s process for reviewing tax expenditures – a broad set of policies and programs that have […] Maura Pillsbury Posted July 29, 2021 Tags Revenue, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Families start receiving Child Tax Credit The Maine Center for Economic Policy says Congress should include an extension of the credit in the upcoming recovery bill. ”We really see this as a win-win-win […] WABI Posted July 20, 2021 Tags Children, Tax Breaks, Tax Fairness, Taxes