Maine Capital Investment Credit: A Bogus "Bonus" Maine Can't Afford

Imagine getting an unexpected bonus at the end of the year. It’s a nice windfall that we’d all appreciate. Would you feel differently if that bonus came […]

Garrett Martin

Posted January 29, 2015

Tags Economy, Tax Breaks, Tax Fairness, Taxes

Taxes and Budget

The Maine Capital Investment Credit (“bonus depreciation”) is an Ineffective and Unnecessary Giveaway to Large Businesses

Maine lawmakers should reject Governor LePage’s new plan to extend ineffective and unnecessary retroactive tax breaks to big businesses. As part of his tax “conformity” bill, Governor […]

Joel Johnson

Posted January 28, 2015

Tags Tax Breaks, Taxes

Taxes and Budget

The Sunday Telegram Analysis of LePage’s Tax Plan is Fatally Flawed. Ignore it.

The table that appeared on Page 10 of this week’s Maine Sunday Telegram is fatally flawed due to a variety of calculation errors and faulty methodology. It […]

Joel Johnson

Posted January 26, 2015

Tags Tax Breaks, Tax Fairness, Taxes

Taxes and Budget

State revenue in FY 2014 was slightly higher than expected but 2011 tax cuts keep revenues well below pre-recession levels

Total General Fund revenue for the state fiscal year ending in June 2014 was $3,113,496,933, which was $39 million (1.3%) more than expected, according to the revenue […]

Joel Johnson

Posted August 1, 2014

Tags Revenue, Tax Breaks, Taxes

Taxes and Budget

Governor’s Modest Tax Hike on the Wealthy Won’t Erase His Massive Tax Hikes on Low- and Middle-Income Mainers

The latest state revenue forecast shows no end in sight for Maine’s budget crisis. The state’s general fund is expected to bring in $58 million less than […]

Joel Johnson

Posted May 16, 2013

Tags Tax Breaks, Tax Fairness, Taxes

Taxes and Budget

Testimony at Hearing on LDs 1124, 834, 1256, and 1113

We have a dilemma in Maine. We want good schools, good roads, safe communities, and opportunities to achieve a better life. Unfortunately, our current tax system is […]

MECEP

Posted April 23, 2013

Tags Revenue, Tax Breaks, Tax Fairness, Taxes

Taxes and Budget

Income Tax Cuts for the Rich Are a Recipe for Fewer Jobs and Slower Economic Growth

Legislators are currently considering Governor LePage’s proposed biennial budget that would saddle low- and middle-income Maine families with the tab for a two-year budget gap that’s $433 […]

Joel Johnson

Posted April 4, 2013

Tags Income Tax, Tax Breaks, Tax Fairness, Taxes

Taxes and Budget

Testimony at Hearing on LD 455: An Act to Increase the State Earned Income Credit

This bill would boost the state’s economy and reduce childhood poverty by cutting taxes for up to one hundred thousand working Maine families. LD 455 is a […]

MECEP

Posted March 4, 2013

Tags Tax Breaks, Tax Fairness, Taxes

Taxes and Budget

Beware of legislative tax cuts that promise heaven and earth

You may never have heard of ALEC–the American Legislative Exchange Council–but you have experienced its long reach as out-of-state corporate giants manipulate state tax policies right here […]

Jody Harris

Posted February 13, 2013

Tags Tax Breaks, Taxes

Taxes and Budget

Testimony at Hearing on LD 55: An Act to Promote Filmmaking in the State

LD 55 is a tax break for media production companies. It is well-intended legislation, but it is more likely to be a loss for Maine taxpayers than […]

MECEP

Posted February 4, 2013

Tags Tax Breaks, Taxes

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Maine Capital Investment Credit: A Bogus "Bonus" Maine Can't Afford

The Maine Capital Investment Credit (“bonus depreciation”) is an Ineffective and Unnecessary Giveaway to Large Businesses

The Sunday Telegram Analysis of LePage’s Tax Plan is Fatally Flawed. Ignore it.

State revenue in FY 2014 was slightly higher than expected but 2011 tax cuts keep revenues well below pre-recession levels

Governor’s Modest Tax Hike on the Wealthy Won’t Erase His Massive Tax Hikes on Low- and Middle-Income Mainers

Testimony at Hearing on LDs 1124, 834, 1256, and 1113

Income Tax Cuts for the Rich Are a Recipe for Fewer Jobs and Slower Economic Growth

Testimony at Hearing on LD 455: An Act to Increase the State Earned Income Credit

Beware of legislative tax cuts that promise heaven and earth

Testimony at Hearing on LD 55: An Act to Promote Filmmaking in the State