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