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 How does Maine spend its money? According to the Maine Center for Economic Policy, a left-leaning think tank, the state, like most others, is a “net receiver” of federal money, meaning it gets more […] The Maine Monitor Posted October 5, 2025 Tags Budget, 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
Maine’s Economy, Taxes and Budget MECEP statement on story behind new census data “Regardless what today’s census numbers show, the reality is this: with the big, ugly Republican megabill, President Trump just passed the largest cuts to food assistance and […] Posted September 8, 2025 Tags Budget, Child Tax Credit, Education, Federal, Health Care, Housing, Paid Family and Medical Leave, Tax Fairness, Taxes
