Taxes and Budget Senate’s pass-through proposal would cost Maine $57 million a year in state revenue The Senate tax bill’s proposed 23% pass-through deduction would cost Maine $57 million a year in state revenue. It does so by reducing state income taxes primarily for […] Sarah Austin Posted December 1, 2017 Tags Federal, Taxes, TCJA
Health Care, Taxes and Budget Senate Health Care Band-Aids Won’t Fix Damage in Tax Bill US Senate Republicans have offered only temporary, Band-Aid fixes to try to reassure holdouts on their tax bill like Maine’s Senator Susan Collins. These proposals will not […] James Myall Posted November 29, 2017 Tags Federal, Health Care, Taxes
Taxes and Budget Partial state and local tax deduction does nothing for vast majority of Maine families under Republican Tax Plan The two versions of Republican tax legislation making their way through Congress are similar in that they are huge giveaways to the top 1% and profitable corporations, […] Sarah Austin Posted November 29, 2017 Tags Federal, Taxes
Taxes and Budget New Analysis: Senate Child Tax Credit Proposal Stacks the Deck Against Rural Working Families New analysis by MECEP shows that the proposal by US Senate Republicans to increase the size of the Child Tax Credit (CTC) will do little for the […] James Myall Posted November 29, 2017 Tags Child Tax Credit, Children, Federal, Taxes
Taxes and Budget MECEP talks Senate tax bill on WZON The Pulse with Don Cookson It’s becoming more and more clear that the GOP Tax Plan will have a hugely negative impact on the state of Maine. Thanks to James Myall of […] WZON Posted November 29, 2017 Tags Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Senate Tax Bill Individual Tax Changes Hurt Maine Seniors This week, the Senate is expected to vote on a bill that increases taxes on Mainers by 2027, increases health premiums for older Mainers by over $3,000 […] Sarah Austin Posted November 28, 2017 Tags Federal, Seniors, Taxes
Taxes and Budget Advocates Say GOP Plan Would Hike Taxes For More Than Half Of Maine's Elderly From the story: “I think that’s a fundamental misread of how this bill works,” says Garrett Martin, executive director of the progressive Maine Center for Economic Policy, […] Maine Public Posted November 28, 2017 Tags Seniors, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Sun Journal: Tax bill's fate may depend on Maine's Susan Collins Sarah Austin, a policy analyst with the Maine Center for Economic Policy, said in a prepared statement that removing the mandate would lead to 50,000 Mainers losing coverage and increase costs for many others. Sun Journal Posted November 27, 2017 Tags Federal, Taxes
Taxes and Budget Senate plan to increase child tax credit falls short for Maine’s most vulnerable children The Senate Republican tax plan fails to offer meaningful benefit to Maine’s working families with children. The plan’s signature change for working families, a change to the […] James Myall Posted November 22, 2017 Tags Child Tax Credit, Children, Taxes
Taxes and Budget INFOGRAPH: This Thanksgiving, serve your Wacky Uncle some facts on the Republican tax plan Last year’s Thanksgiving with relatives might have left a bad taste in your mouth. This year, get ready to serve your Wacky Uncle some facts about the Republican tax […] Posted November 22, 2017 Tags Tax Fairness, Taxes, Trump Tax Cuts