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Maine’s Economy, Taxes and Budget

Maine weighs plan to expand film tax credits

“Time and again evaluations of state programs with much larger film incentives than Maine’s have conclusively shown they are a bad investment that siphon millions of dollars […]

The Center Square
Posted January 12, 2026
Tags Budget, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget

Federal tax gimmicks will only help Maine’s rich

In response to Sen. Bruce Bickford’s Dec. 18 op-ed, full state conformity to HR 1 — the Republican megabill also called the One Big Beautiful Bill Act […]

Portland Press Herald
Posted December 31, 2025
Tags Budget, Federal, Tax Breaks, Tax Fairness, Taxes
Maine’s Economy, Taxes and Budget

Budget pressures facing lawmakers in January — and how to address them

December’s semi-annual revenue forecast for Maine’s general fund reported higher-than-expected revenues for the near future, predicting $250 million more over the next two years than the previous […]

James Myall
Posted December 19, 2025
Tags Budget, Economic Security, Education, Revenue, Tax Fairness, Taxes
Maine’s Economy, Taxes and Budget

Maine lawmakers have tools to stop the harms of the Republican reconciliation bill

The Republican megabill passed by Congress in July (HR 1, also known as the One Big Beautiful Bill Act) will severely impact Mainers. This bill is a […]

James Myall
Posted December 19, 2025
Tags Budget, Economic Security, Economy, Food Insecurity, Health Care, Medicaid, Revenue, SNAP, Tax Fairness, Taxes
Maine’s Economy, Taxes and Budget

Tax conformity decisions will shape Maine’s future (Part 2: Big business don’t need help, struggling Mainers do)

Many of Maine’s tax rules are tied to federal law, so when federal tax laws change, the state must decide whether to follow or set its own […]

Maura Pillsbury
Posted December 19, 2025
Tags Budget, Federal, Revenue, Tax Breaks, Tax Fairness, Taxes
Maine’s Economy, Taxes and Budget

Tax conformity decisions will shape Maine’s future (Part 1: Maine shouldn’t fall for policy gimmicks)

Many of Maine’s tax rules are tied to federal law, so when federal tax laws change, the state must decide whether to follow or set its own rules. Following […]

Maura Pillsbury
Posted December 19, 2025
Tags Budget, Economic Security, Economy, Federal, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget

Maine Can Raise $133.9 Million with New Wealth Proceeds Tax

Taxing the proceeds generated by wealth — such as capital gains, dividends, and passive business income — through a new Wealth Proceeds Tax is a simple, shovel-ready way for Maine to raise hundreds of millions in new revenue […]

Posted October 30, 2025
Tags Budget, Revenue, Tax Fairness, Taxes
Taxes and Budget

Missed opportunities to advance tax fairness and create a better state

The State doesn’t have adequate funding for health care, housing, and many other pressing needs. The fairest way to fix this is by asking the wealthiest people […]

Maura Pillsbury
Posted October 16, 2025
Tags Budget, Child Care, Economic Security, Economy, Food Insecurity, Housing, Medicaid, SNAP, Tax Fairness, Taxes
Taxes and Budget

Maine’s revenue misses keep holding back progress

Maine’s unexpected $152 million budget surplus signifies a pattern of overly cautious revenue forecasts that led to unnecessary cuts and regressive taxes, underscoring the need for more […]

James Myall
Posted October 15, 2025
Tags Budget, Economic Security, Economy, Revenue, Tax Fairness, Taxes
Taxes and Budget

Public Interest Groups Back Billionaires Income Tax to Establish Fairness and Invest in Families, Not the Ultrawealthy

Today, dozens of public interest organizations representing millions of Americans announced their strong support for the Billionaires Income Tax (BIT), introduced by Senator Ron Wyden (D-OR), Rep. […]

Americans for Tax Fairness
Posted September 17, 2025
Tags Federal, Tax Breaks, Tax Fairness, Taxes
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