Taxes and Budget Maine's budget provides historic supports and fortifies the foundation for a strong economy This week Governor Mills signed the “part two budget” that makes historic investments — establishing a paid family and medical leave program for Maine, committing over $100 […] Sarah Austin Posted July 13, 2023 Tags Budget, Child Care, Child Tax Credit, Children, Economic Security, Economy, Education, Employment, Family and Medical Leave, Health Care, Housing, Jobs, Seniors, Tax Fairness, Wages
Taxes and Budget Pension exemptions benefit wealthy households and compromise resources This year, lawmakers included a tax change in the state’s budget that will significantly expand tax benefits for pension recipients in Maine. Beginning in 2023, pension recipients […] Sarah Austin Posted August 25, 2022 Tags Income Tax, Incomes, Revenue, Tax Fairness, Taxes
Taxes and Budget A recent history of Maine’s swiftly evolving tax code For most of the 1990s and 2000s, Maine’s tax code remained relatively stable. Corporate and income tax rates were unchanged and except for modifications to how the […] Sarah Austin Posted August 4, 2022 Tags Budget, EITC, Income Tax, Property Tax, Revenue, Sales Tax, Tax Fairness, Taxes
Taxes and Budget Earned Income Tax Credit expansion provides greater economic security for working families We all want expanded opportunities for our communities and to ensure our neighbors have the support they need to be stable and secure. But corporations are raising […] Sarah Austin Posted May 16, 2022 Tags EITC, Incomes, Poverty, Tax Fairness
Taxes and Budget The best of the budget for Maine’s economy The 130th legislative session began with a surplus of more than $800 million which was revised up to $1.2 billion in March. The bipartisan budget approved last […] Sarah Austin Posted April 28, 2022 Tags Budget, Economic Security, Economy, Education, Housing, Infrastructure, K-12 Education, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Republican lawmakers want to give millionaires $850 Republican legislators are proposing to remove income caps from the governor’s planned $850 COVID Pandemic Relief Payments. This would make the richest 20 percent of Maine households, […] Sarah Austin Posted April 7, 2022 Tags Budget, Coronavirus, Revenue, Tax Fairness, Taxes
Taxes and Budget Making the most of Maine's historic surplus When a state’s budget fully invests in its people and communities, everyone benefits. Today, Maine has a surplus and policymakers have an opportunity to improve people’s lives, […] Sarah Austin Posted March 1, 2022 Tags Budget, Economic Security, Education, Health Care, Job Quality, Paid Sick Days
Taxes and Budget Ending tax haven abuse in Maine By cleaning up loopholes in the corporate tax code that help corporations hide their US profits offshore, Maine can level the playing field for Main Street businesses […] Sarah Austin Posted February 17, 2022 Tags Budget, Revenue, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Box retailers continue challenging Maine towns to get out of paying what they owe The services, infrastructure, and amenities funded by property taxes increase our quality of life and help businesses succeed. But large, multi-national big-box retailers are increasingly turning to […] Sarah Austin Posted February 2, 2022 Tags Tax Breaks, Tax Fairness, Taxes
Maine’s Economy, Taxes and Budget Amending Build Back Better to lift SALT cap would undermine tax fairness As President Biden’s Build Back Better plan moves forward, Congressional leaders are considering an increase to the state and local tax (SALT) deduction. Under current law, individuals […] Sarah Austin Posted November 10, 2021 Tags Budget, Federal, Income Tax