Taxes and Budget Many non-resident estates would benefit from Governor LePage's proposed estate tax repeal As I explained previously, Gov. LePage’s proposal to eliminate Maine’s estate tax would exclusively benefit the wealthy. And now, thanks to information provided to the Taxation Committee […] Joel Johnson Posted March 18, 2015 Tags Estate Tax, Taxes
Taxes and Budget The Maine Capital Investment Credit (“bonus depreciation”) is an Ineffective and Unnecessary Giveaway to Large Businesses Maine lawmakers should reject Governor LePage’s new plan to extend ineffective and unnecessary retroactive tax breaks to big businesses. As part of his tax “conformity” bill, Governor […] Joel Johnson Posted January 28, 2015 Tags Tax Breaks, Taxes
Taxes and Budget The Sunday Telegram Analysis of LePage’s Tax Plan is Fatally Flawed. Ignore it. The table that appeared on Page 10 of this week’s Maine Sunday Telegram is fatally flawed due to a variety of calculation errors and faulty methodology. It […] Joel Johnson Posted January 26, 2015 Tags Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Migration Mythologists Flee Facts Maine has gained more taxpayers and income than it has lost going back to the early 1990s, according to IRS tax records. In other words, for every […] Joel Johnson Posted November 24, 2014 Tags Economy, Income Tax, Taxes
Taxes and Budget Maine’s Highway Fund is in Serious Trouble Maine’s highway fund has nowhere near enough money coming into it to meet the state’s basic transportation needs, according to the biennial revenue and expenditure projection released […] Joel Johnson Posted November 10, 2014 Tags Revenue, Taxes
Jobs and Income Portland Continues to Drive Job Growth The greater Portland area—extending from Kennebunk in the south to Freeport in the north—continues to account for most of the job growth in Maine over the past […] Joel Johnson Posted October 29, 2014 Tags Employment, Jobs
Jobs and Income Broadly-Measured Unemployment Continues Slow Road to Recovery Although remaining well-above pre-recession levels, Maine’s “U6” rate of unemployment is showing signs of improvement along with the nation as a whole, according to data released last […] Joel Johnson Posted October 28, 2014 Tags Employment, Jobs
Jobs and Income Maine’s Lack of Population and Job Growth Tamps Down Growth in Wages and Salaries Today’s data release from the Bureau of Economic Analysis shows Maine’s personal income growth kept pace with the nation and the region in the second quarter of 2014, but […] Joel Johnson Posted September 30, 2014 Tags Employment, Incomes, Job Quality, Jobs
Maine’s Economy Child poverty fell in 2013, but median household income continues to go nowhere Child poverty in Maine fell back to pre-recession levels in 2013, but income for the median household and the overall poverty rate saw no improvement, according to […] Joel Johnson Posted September 18, 2014 Tags Children, Incomes, Job Quality, Poverty
Jobs and Income A simple 1-2 punch to give working Mainers a raise Increasing Maine’s earned income tax credit and raising the state’s minimum wage would go a long way toward making work pay for Maine’s families today and lay […] Joel Johnson Posted September 5, 2014 Tags EITC, Minimum Wage