Taxes and Budget

Early victory for tax fairness as Maine clamps down on corporate tax loopholes

Last week, the Legislature took a positive step toward tax fairness by closing a loophole in Maine’s tax code that gives corporations a tax break based on their foreign sales. As part of the […]

Mario Moretto

Posted March 17, 2021

Tags Revenue, Tax Fairness, Taxes, Trump Tax Cuts

Taxes and Budget

Anti-'Tax Havens' bill gets new look as effort to close corporate loophole from Trump Tax Cuts

Corporations depend on things like an educated workforce, consumers with enough income to pay for services and products, and infrastructure that facilitates commerce. As a state and […]

Sarah Austin

Posted March 2, 2020

Tags Tax Breaks, Taxes, Trump Tax Cuts

Taxes and Budget

Two years later, Trump Tax Cuts are a proven failure

Two years ago, today, the US Senate enacted the “Tax Cuts and Jobs Act,” or TCJA, known more commonly as the Trump Tax Cuts. The $1.9 trillion […]

Mario Moretto

Posted December 20, 2019

Tags Trump Tax Cuts

Taxes and Budget

Legislature Passes Bill to Conform with Federal Tax Cuts

The liberal-leaning Maine Center for Economic Policy said the bill is imperfect, but the final compromise legislation got rid of some of the “worst policies” proposed in […]

The Free Press

Posted September 6, 2018

Tags Federal, Tax Breaks, Tax Fairness, Taxes, Trump Tax Cuts

Taxes and Budget

Legislature splits the difference in final tax conformity compromise

FOR IMMEDIATE RELEASE: August 30, 2018 CONTACT: Mario Moretto, Communications Director mario@mecep.org (207) 620-1101 AUGUSTA, Maine — The Maine Center for Economic Policy has released a new […]

Posted August 31, 2018

Tags Federal, Tax Breaks, Tax Fairness, Taxes, Trump Tax Cuts

Taxes and Budget

Lawmakers approve tax conformity bill, send it to LePage

The Maine Center for Economic Policy, an Augusta-based nonprofit, characterized the enacted bill as a compromise, stating in a news release that it “splits the difference” between […]

MaineBiz

Posted August 31, 2018

Tags Federal, Tax Breaks, Tax Fairness, Taxes, Trump Tax Cuts

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

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

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

Taxes and Budget

BDN Editorial: Tax conformity not a top priority for Maine

Given this, there is no reason for Maine to conform with the federal tax changes. In fact, Gov. Paul LePage acknowledges this and has warned Maine legislators […]

Bangor Daily News

Posted March 10, 2018

Tags Federal, Tax Breaks, Tax Fairness, Taxes, Trump Tax Cuts

Trump Tax Cuts

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Early victory for tax fairness as Maine clamps down on corporate tax loopholes

Anti-'Tax Havens' bill gets new look as effort to close corporate loophole from Trump Tax Cuts

Two years later, Trump Tax Cuts are a proven failure

Legislature Passes Bill to Conform with Federal Tax Cuts

Legislature splits the difference in final tax conformity compromise

Lawmakers approve tax conformity bill, send it to LePage

MECEP Op-Ed in the Press Herald: More important for Maine to do tax conformity well than to do it quickly

Setting the record straight: Absence of tax conformity will not cause tax increase

PPH Editorial: Our View: Expensive tax overhaul wrong move for Maine

BDN Editorial: Tax conformity not a top priority for Maine