Taxes and Budget

Maine again has a chance to stop corporations from avoiding taxes

Last year, Congress failed to pass a proposal to limit corporations from avoiding income tax by reforming how corporate income taxes are determined. But the Maine legislature […]

Maura Pillsbury

Posted January 30, 2023

Tags Revenue, Tax Fairness, Tax Havens, Taxes

Taxes and Budget

Bills to ensure wealthy and corporations pay fair share of taxes will be a focus this session

Still, some bills that simply made the tax code more balanced were successful last year, including a measure to stop large chain stores from exploiting a “dark store” tax […]

Beacon

Posted January 13, 2023

Tags Budget, Tax Fairness, Taxes

Taxes and Budget

LePage refuses to say whether he’ll continue to fully fund public education

Property taxes are incredibly regressive, meaning they fall more heavily on the poor than on the rich. State funding, on the other hand, comes from a more […]

Beacon

Posted October 28, 2022

Tags Property Tax, Tax Fairness, Taxes

Maine’s Economy

How they met economic challenges gives a glimpse into the major candidates for governor

The idea was to give more money back to Mainers, but getting rid of the income tax entirely has met resistance from fellow Republicans in the past. And the move […]

The Maine Monitor

Posted October 9, 2022

Tags Economic Security, Economy, Income Tax, Tax Fairness, Taxes

Taxes and Budget

MDP responds to LePage Florida property tax breaks

Maine Democratic Party members are calling Lepage’s alleged actions “hypocritical” due to his reported push to phase out Maine’s income tax, and a previous push to eliminate […]

Fox Bangor

Posted September 26, 2022

Tags Property Tax, Tax Fairness, Taxes

Taxes and Budget

The coming tax debate between Janet Mills and Paul LePage

LePage wants to supercharge this idea in his first year, telling WMTW he would begin his plan to phase out Maine’s income tax by exempting all pension income from […]

Bangor Daily News

Posted September 2, 2022

Tags Budget, Income Tax, Property Tax, Tax Breaks, Tax Fairness, Taxes

Taxes and Budget

Pension exemptions benefit wealthy households and compromise resources

This year, lawmakers included a tax change in the state’s budget that will significantly expand tax benefits for pension recipients in Maine. Beginning in 2023, pension recipients […]

Sarah Austin

Posted August 25, 2022

Tags Income Tax, Incomes, Revenue, Tax Fairness, Taxes

Taxes and Budget

Biden signs into law Democrats’ wide-ranging climate change, health care and tax bill

The bill, named the Inflation Reduction Act, was hailed by analysts in Maine, who said the tax and health care provisions would help create a more fair […]

Beacon

Posted August 17, 2022

Tags Budget, Federal, Tax Fairness, Taxes

Taxes and Budget

MECEP applauds the enactment of the “Inflation Reduction Act”

“The Inflation Reduction Act will ensure wealthy corporations making record profits pay their fair share. It will bring down the cost of prescription drugs for older Mainers […]

Posted August 16, 2022

Tags Economy, Federal, Inequality, Inflation, Tax Fairness, Taxes

Taxes and Budget

Report: Millionaires didn’t flee when tax rates increased in certain states

“When social ties are strong, fiscal and financial incentives have a smaller playing field and less influence on individual behavior,” the authors argue, adding that “embeddedness allows […]

Beacon

Posted August 12, 2022

Tags Tax Fairness, Taxes

Tax Fairness

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Maine again has a chance to stop corporations from avoiding taxes

Bills to ensure wealthy and corporations pay fair share of taxes will be a focus this session

LePage refuses to say whether he’ll continue to fully fund public education

How they met economic challenges gives a glimpse into the major candidates for governor

MDP responds to LePage Florida property tax breaks

The coming tax debate between Janet Mills and Paul LePage

Pension exemptions benefit wealthy households and compromise resources

Biden signs into law Democrats’ wide-ranging climate change, health care and tax bill

MECEP applauds the enactment of the “Inflation Reduction Act”

Report: Millionaires didn’t flee when tax rates increased in certain states