Taxes and Budget Impacts of proposed income tax rate reduction House and Senate Republicans are demanding income tax cuts be part of the budget, and Democrats in the legislature were right to make sure they didn’t have […] MECEP Posted March 29, 2023 Tags Income Tax, Inequality, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Maine should tax big corporate tax dodgers This year, Congress made a big change to how massive corporations — those with profits over $1 billion — are taxed by establishing a “real profits tax” […] Maura Pillsbury Posted March 27, 2023 Tags Revenue, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget How corporate consolidation is breaking Maine’s economy Corporate consolidation is suppressing wages, breaking supply chains and driving inflation. The result of unchecked monopolies is a more fragile economy and a less democratic society. This […] Beacon Posted March 23, 2023 Tags Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Advocates in Maine push for child tax credit expansion Advocates in Maine are calling on state and federal lawmakers to expand child tax credits. In 2021, Congress passed an extension to the child tax credit in […] WMTW Posted March 10, 2023 Tags Child Tax Credit, Children, Tax Fairness, Taxes
Taxes and Budget Both sides weigh in as Pine Tree Development Zone tax incentive program faces renewal The program is again up for renewal, and voices of support and opposition came out to be heard at a Feb. 15 public hearing convened by the Joint […] MaineBiz Posted March 3, 2023 Tags Tax Breaks, Tax Fairness, Taxes
Maine’s Economy, Taxes and Budget MECEP reaction to State of the Budget address Maine Center for Economic Policy (MECEP) president and CEO Garrett Martin reacts to Governor Mills’ State of the Budget address: “State budget choices can change lives. Maine […] Posted February 15, 2023 Tags Budget, Corporate Power, Economic Security, Economy, Family and Medical Leave, Income Tax, Tax Fairness, Taxes
Taxes and Budget Economists, lawmakers caution against squandering unexpected fiscal strength on tax cuts “Is it really a surplus if we’re not paying for these really essential needs that Mainers have?” asked Maura Pillsbury, a state and local tax analyst with […] Beacon Posted February 6, 2023 Tags Budget, Revenue, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Radio interview with Maura Pillsbury about tax policy in Maine Our guest will be Maura Pillsbury who is a tax analyst at the Maine Center for Economic Policy. She will talk about what the 131st Maine State […] WMPG Posted January 31, 2023 Tags Budget, Tax Breaks, Tax Fairness, Taxes
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