Taxes and Budget New report: Since Bush Tax Cuts, wealthiest one-fifth of Americans have reaped 65 percent of federal tax breaks In a new report, the Institute on Taxation and Economic Policy reveals that tax cuts since the George W. Bush administration have disproportionately benefited the wealthiest American […] Sarah Austin Posted July 16, 2018 Tags Income Tax, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget LePage warns taxpayers that some may need to file amendments to their 2017 returns “Sarah Austin, a tax policy analyst with the Maine Center for Economic Policy, said a relatively small number of people might need to file amended returns because […] Portland Press Herald Posted May 18, 2018 Tags Taxes
Taxes and Budget MECEP Op-Ed in the Press Herald: More important for Maine to do tax conformity well than to do it quickly It’s more important to get conformity right than it is to do it soon. Whenever it is, the same questions must be asked of a conformity proposal […] Portland Press Herald Posted May 7, 2018 Tags Taxes, Trump Tax Cuts
Taxes and Budget Eye on Augusta: Legislature passes extension of business tax breaks Still, critics have long argued that tax subsidies are a lousy strategy to create jobs and that the money could be better used to address other needs […] The Free Press Posted April 26, 2018 Tags Tax Breaks, Taxes
Taxes and Budget Setting the record straight: Absence of tax conformity will not cause tax increase AUGUSTA, Maine — Recently, some lawmakers’s statements and media reports have misstated the consequences for Maine income tax filers that would come if the Legislature adjourned without […] Posted April 25, 2018 Tags Taxes, Trump Tax Cuts
Taxes and Budget MECEP Policy Brief: Comparing the Democratic and GOP tax bills Summary: Because of the federal tax overhaul spearheaded by President Trump and Congressional Republicans, the Maine Legislature is considering two competing proposals to change its own tax […] MECEP Posted April 17, 2018 Tags Budget, Taxes
Taxes and Budget Investors could receive significant tax breaks if city is chosen as Opportunity Zone From the article “There’s not a lot of evidence to show that companies or individuals invest because of these programs,” [said James Myall, MECEP policy analyst]. Read […] The Ellsworth American Posted April 6, 2018 Tags Local, Tax Breaks, Taxes
Taxes and Budget PRESS RELEASE: As tax deadline nears, more than $1,000 on the table for low- and moderate-income Mainers FOR IMMEDIATE RELEASE: April 2, 2018 CONTACT: Mario Moretto, Communications Director mario@mecep.org (207) 620-1101 AUGUSTA, Maine — As the tax filing deadline approaches, tens of thousands of […] Posted April 2, 2018 Tags EITC, Taxes
Taxes and Budget MECEP Op-Ed in the Press Herald: LePage’s tax plan gives huge benefits to a few at expense of the many We can fully fund our public schools. We can build a robust infrastructure that lays the groundwork for sustained, shared economic prosperity. We can maintain a public […] Portland Press Herald Posted March 29, 2018 Tags Tax Breaks, Tax Fairness, Taxes
Taxes and Budget PPH Editorial: Our View: Expensive tax overhaul wrong move for Maine The most expensive part of LePage’s package is a revved-up depreciation schedule for businesses that would cost the state $55 million in the current budget, according to […] Portland Press Herald Posted March 15, 2018 Tags Federal, Tax Breaks, Tax Fairness, Taxes, Trump Tax Cuts