Maine’s Economy

The Debt Ceiling — An Explainer

Updated June 1, 2023 The Treasury predicts that the US will be unable to pay its bills by June 5 if the debt ceiling is not raised. […]

MECEP

Posted June 1, 2023

Tags Debt Ceiling, Economy, Explainer, Tax Fairness

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

Explainers, Maine’s Economy, Taxes and Budget

About that tax ranking…

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” are memorable and get a […]

MECEP

Posted May 30, 2023

Tags Budget, Child Tax Credit, EITC, Explainer, Income Tax, Inequality, Property Tax, Racial Equity, Sales Tax, Tax Breaks, Tax Fairness, Tax Havens, Taxes

Taxes and Budget

Legislators can build on Governor’s change package to boost economic vitality for Maine families

Governor Mills’ budget change package — which amends her prior budget proposal to align with more current revenue projections — lays a solid foundation for Maine. It […]

Josie Phillips

Posted May 18, 2023

Tags Budget, Child Care, Child Tax Credit, Housing, Inequality, Revenue, Tax Fairness, Taxes

Maine’s Economy, Taxes and Budget

The Child Tax Credit — An Explainer

What is the Child Tax Credit? The Child Tax Credit (CTC) is one of the most effective tools for helping families manage the rising cost of raising […]

MECEP

Posted May 2, 2023

Tags Child Tax Credit, Children, Economic Security, Economy, Income Tax, 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

Taxes and Budget

Maine budget surpluses rekindle GOP calls for income tax cuts

The final proposal from Republicans did not specify a particular tax cut, but they had been lobbying to reduce rates for Maine’s lowest income tax bracket from […]

Bangor Daily News

Posted April 28, 2023

Tags Tax Breaks, Tax Fairness, Taxes

Taxes and Budget

On Tax Day, Mainers argue everyone ‘deserves a slice,’ call for wealthy to pay their fair share

The amount corporations currently pay in state taxes is opaque, although it is estimated that Maine gives away over a billion dollars in tax breaks to businesses […]

Beacon

Posted April 18, 2023

Tags Tax Breaks, Tax Fairness, Taxes

Taxes and Budget

Taxes are complicated, but the way we think about tax policy doesn’t have to be

When we all pitch in to pay for the services and infrastructure that build a thriving economy, everyone benefits. But if some people and corporations don’t pay […]

MECEP

Posted April 14, 2023

Tags Economy, Explainer, Income Tax, Tax Fairness, Taxes

Taxes and Budget

It’s time to shine a light on corporate tax avoidance

When corporations don’t pay what they owe in taxes, Maine people, communities, and small businesses end up footing the bill. As Maine Center for Economic Policy has […]

Maura Pillsbury

Posted April 10, 2023

Tags Corporate Power, Economy, Income Tax, Inequality, Tax Breaks, Tax Fairness

Tax Fairness

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The Debt Ceiling — An Explainer

Proposed Dirigo business subsidy is a bad deal for Maine and could worsen inequality

About that tax ranking…

Legislators can build on Governor’s change package to boost economic vitality for Maine families

The Child Tax Credit — An Explainer

Policy Brief: Are Tax Giveaways Worth the Money?

Maine budget surpluses rekindle GOP calls for income tax cuts

On Tax Day, Mainers argue everyone ‘deserves a slice,’ call for wealthy to pay their fair share

Taxes are complicated, but the way we think about tax policy doesn’t have to be

It’s time to shine a light on corporate tax avoidance