Taxes and Budget Taxation Committee gives bipartisan approval to expansion, modernization of Maine's EITC The Legislature’s Taxation Committee on Wednesday gave near-unanimous approval to a plan to boost incomes for low- and moderate-income working Mainers by expanding and modernizing the state’s […] Sarah Austin Posted May 24, 2019 Tags EITC, Tax Fairness, Taxes
Taxes and Budget Legislature should close this business tax loophole, which puts Maine-based companies at a disadvantage Today, Maine companies that conduct business only within our states borders are at a competitive disadvantage to multi-state companies operating in Maine because of a loophole in […] Sarah Austin Posted May 15, 2019 Tags Tax Breaks
Taxes and Budget New tax proposal would guarantee wealthy pay as much as everyone else Today, most of Maine’s middle class and working families are paying a higher effective state and local tax rate than the top 1 percent of households.[i] A […] Sarah Austin Posted May 7, 2019 Tags EITC, Tax Fairness, Taxes
Taxes and Budget Policy Brief: To help solve modern economic problems, working Mainers need a modern EITC Working people need to be able to cover the basics for our state to truly prosper. When Mainers can reliably pay for transportation, food, housing, child care, […] Sarah Austin Posted April 22, 2019 Tags EITC
Taxes and Budget Policy Brief: Why Maine lawmakers should reject the Local Option Sales Tax Summary: Communities in every corner of the state have suffered from underfunding of education and local services. The symptoms of cuts to communities are greater pressure on […] Sarah Austin Posted April 2, 2019 Tags Local, Sales Tax, Taxes
Taxes and Budget Why Maine lawmakers should reject the Local Option Sales Tax Communities in every corner of the state have suffered from underfunding of education and local services. The symptoms of cuts to communities are greater pressure on town […] Sarah Austin Posted March 27, 2019 Tags Local, Tax Fairness, Taxes
Taxes and Budget Governor's proposed budget plan would under-fund local services by $160 million Many of the most important services are provided at the local level. Things like public safety, road maintenance, education, parks, and libraries support our economy and make […] Sarah Austin Posted March 22, 2019 Tags Budget, Homestead Exemption, Income Tax, Municipal Revenue Sharing
Taxes and Budget Eliminating the income tax would rig our tax code for the wealthiest, guarantee budget shortfalls Maine’s Legislature is considering a bill that would incrementally eliminate Maine’s income tax. While there is little likelihood of the bill becoming law, it’s critical to note […] Sarah Austin Posted March 14, 2019 Tags Income Tax, Tax Fairness, Taxes
Taxes and Budget Raising taxes on corporate profits over $2 million would boost Maine's economy, improve tax fairness Corporations need reliable infrastructure and healthy, educated workers to be successful. The Legislature and local communities work hard to foster these conditions for success. Businesses chip in […] Sarah Austin Posted March 13, 2019 Tags Tax Fairness, Taxes
Taxes and Budget Fixing Maine's estate tax will reduce inequality, secure funds for our future, and make our tax code more fair Mainers experience dramatic economic inequality. Between 1973 and 2015, the top 1% of Maine families captured 42% of all income growth, leaving just 57% for the remaining […] Sarah Austin Posted March 4, 2019 Tags Estate Tax, Inequality