Taxes and Budget Eliminating the income tax would rig our tax code for the wealthiest, guarantee budget shortfalls Maine’s Legislature is considering a bill that would incrementally eliminate Maine’s income tax. While there is little likelihood of the bill becoming law, it’s critical to note […] Sarah Austin Posted March 14, 2019 Tags Income Tax, Tax Fairness, Taxes
Taxes and Budget Raising taxes on corporate profits over $2 million would boost Maine's economy, improve tax fairness Corporations need reliable infrastructure and healthy, educated workers to be successful. The Legislature and local communities work hard to foster these conditions for success. Businesses chip in […] Sarah Austin Posted March 13, 2019 Tags Tax Fairness, Taxes
Taxes and Budget Has Janet Mills Paralyzed Progressive Reform? To many Democrats, most disturbing about Mills’ no-new-taxes pledge is that it leaves in place LePage’s income-tax cuts, which lowered the top rate on the rich from […] The Free Press Posted March 7, 2019 Tags Tax Fairness, Taxes
Taxes and Budget Experts say repealing estate tax cut for millionaires key to fixing Maine’s wealth gap A legislative effort to undo massive estate tax cuts passed by former Gov. Paul LePage was praised by tax fairness advocates and policy experts at a public […] Beacon Posted March 7, 2019 Tags Estate Tax, Taxes
Taxes and Budget Maine should boost working families, build a stronger economy by expanding its Earned Income Tax Credit CONTACT:Mario Morettomario@mecep.org(207) 620-1101 Augusta, MAINE – This year, policymakers in Augusta can help working families meet their basic needs by expanding Maine’s Earned Income Tax Credit (EITC), […] Posted March 7, 2019 Tags EITC, Taxes
Taxes and Budget Analysis: Legislature must raise revenue to fill shortfalls from LePage-era tax cuts Summary: Click here to read this complete policy brief For years, Maine has fallen short on its commitments to fund public schools and make robust investments in our local communities. This year, legislators can […] Sarah Austin Posted February 28, 2019 Tags Budget, Education, Municipal Revenue Sharing, Revenue, Tax Fairness, Taxes
Education, Taxes and Budget Bill would extend tax-free options to companies helping workers with student loans U.S. Sens. Susan Collins, R-Maine, and Angus King, I-Maine, have signed on as cosponsors of bipartisan legislation that supports employers assisting employees in paying off their student […] MaineBiz Posted February 19, 2019 Tags Higher Education, Student Debt, Taxes
Taxes and Budget The View From Here: Maine Republicans keep winning on taxes The Maine Center for Economic Policy, the liberal think tank, had its own budget proposal, which is quite modest in its goals. It would meet the state’s […] Portland Press Herald Posted February 17, 2019 Tags Taxes
Taxes and Budget Mills Budget Provides More School Funding, Fails to Fully Fund Revenue Sharing & Keeps LePage’s Tax Cuts The liberal-leaning Maine Center for Economic Policy (MECEP) praised Mills for her support for Medicaid expansion, but criticized the proposal for failing to reverse LePage’s income tax […] The Free Press Posted February 14, 2019 Tags Budget, Education, Revenue, Taxes
Taxes and Budget New report: State 'millionaires' taxes' can fund key investments without harming state economies CONTACT: Mario Moretto: mario@mecep.org; 207-620-1101; Maine Center for Economic Policy Jacob Kaufman-Waldron: jkaufmanwaldron@cbpp.org; 202-325-8746; Center on Budget and Policy Priorities AUGUSTA, Maine – State income tax increases […] Posted February 8, 2019 Tags Budget, Income Tax, Taxes