Taxes and Budget House Ways and Means Committee tax plan rebalances tax code, boosts incomes for Mainers New analysis by the Institute on Taxation and Economic Policy found provisions in a bill recently approved by the House Ways and Means Committee would improve tax […] Sarah Austin Posted September 29, 2021 Tags Economic Security, Incomes, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Child Tax Credit expansion reducing hunger, increasing security for Maine kids — Congress must continue this life-changing program The Biden administration’s improvements to the Child Tax Credit (CTC) are cutting child hunger and improving economic security for families nationwide. About 4 out of 5 kids […] Sarah Austin Posted September 27, 2021 Tags Children, Coronavirus, Economic Security, Economy, Food Insecurity, Tax Fairness, Taxes
Taxes and Budget State lawmakers make unprecedented investments in Maine communities and families this session Lawmakers delivered unprecedented resources to Maine people and communities this year as federal dollars and strong state tax revenues supported historic levels of investment in response to […] Sarah Austin Posted September 10, 2021 Tags Budget, Caregiving, Children, Education, Higher Education
Taxes and Budget Wealth tax bill addresses defects in our tax code and would increase funding for local services and affordable housing Ensuring fair taxation of wealth should always be a priority, and the pandemic has revealed just how important it is. Mostly low-wage workers on the frontlines of […] Sarah Austin Posted May 24, 2021 Tags Housing, Inequality, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Repealing tax cuts for the wealthiest estates would reduce inequality, fund investments in communities Our communities and are state are stronger when all Mainers and Maine families have equal opportunities to thrive. But growing inequality is a barrier to opportunity for […] Sarah Austin Posted May 13, 2021 Tags Estate Tax, Revenue, Tax Breaks, Tax Fairness, Taxes
Jobs and Income, Taxes and Budget Speaker Fecteau’s bill would use 3-cent tax on top 1 percent to fund hazard payments for frontline workers Maine’s pandemic experience has looked very different depending on where you stand in today’s economy. Essential frontline workers, many of whom were underpaid and experienced poor working […] Sarah Austin Posted May 12, 2021 Tags Coronavirus, Tax Breaks, Tax Fairness, Taxes, Wages
Taxes and Budget Bills to raise taxes on high incomes would fund long-term investments in people and communities The wealthiest households in Maine have benefitted greatly from recent state and federal tax cuts. The top 1 percent receive over $50,000 a year in tax cuts […] Sarah Austin Posted May 6, 2021 Tags Budget, Income Tax, Revenue, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Maine can clamp down on corporate tax dodging by targeting tax haven abuse When Maine communities thrive, so do the corporations that do business here. But when profitable corporations build their wealth by exploiting the tax code and hiding their […] Sarah Austin Posted April 14, 2021 Tags Economy, Revenue, Tax Fairness, Taxes
Jobs and Income Pine Tree Development Zones promised jobs but didn’t deliver. It’s time to end them. In 2003, the Maine Legislature created Pine Tree Development Zones, a tax expenditure program designed to spur job creation in economically distressed areas of the state. The […] Sarah Austin Posted March 24, 2021 Tags Jobs, Tax Breaks, Taxes
Taxes and Budget Bill to strengthen EITC would boost incomes for 92,000 Maine families, improve Maine’s tax code The Earned Income Tax Credit, or EITC, is a proven tool to reduce poverty and give kids from families with low incomes a better shot at success […] Sarah Austin Posted March 23, 2021 Tags Children, EITC, Tax Fairness, Taxes