Taxes and Budget Analysis: Legislature must raise revenue to fill shortfalls from LePage-era tax cuts Summary: Click here to read this complete policy brief For years, Maine has fallen short on its commitments to fund public schools and make robust investments in our local communities. This year, legislators can […] Sarah Austin Posted February 28, 2019 Tags Budget, Education, Municipal Revenue Sharing, Revenue, Tax Fairness, Taxes
Taxes and Budget To fund shared prosperity, we must end LePage-era tax cuts for the wealthiest For years under Gov. Paul LePage, budget-busting tax cuts robbed our state of the revenue we need to build a stronger, fairer economy. Tax cuts delivered windfalls […] Sarah Austin Posted February 6, 2019 Tags Budget, Income Tax
Taxes and Budget Republicans want to pay for their huge tax cuts with cuts to Social Security and health care When Congress was on the cusp of passing the Republican tax plan last year, experts lined up to warn about the effect the plan would have on the federal […] Bangor Daily News Posted November 6, 2018 Tags Health Care, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Maine still has work to do in building a balanced and adequate tax code Building an inclusive economy requires tax policy that meets two conditions. The first is that those with the most are asked to pay more, or at the […] Sarah Austin Posted October 17, 2018 Tags Income Tax, Tax Fairness, Taxes
Taxes and Budget Policy Brief — Wealthy Mainers have deep roots: Why taxes don't spur interstate moves Summary: Mainers want to live in thriving communities with good schools, affordable housing, safe roads, reliable public services and good jobs. Shoring up public investments that make […] Sarah Austin Posted October 15, 2018 Tags Income Tax, Tax Fairness, Taxes
Health Care, Taxes and Budget New analysis: Home care tax would affect top 3 percent of wealthiest Mainers The Home Care referendum on November’s ballot would affect 34,442 Mainers at the top of the income distribution, according to a new analysis conducted by MECEP. That […] Sarah Austin Posted September 21, 2018 Tags Caregiving, Tax Fairness, Taxes
Taxes and Budget MECEP Policy Brief: Legislature splits the difference in final tax compromise Summary: The Maine Legislature has enacted a tax package negotiated in response to the federal tax overhaul signed into law by President Donald Trump in December. The […] Sarah Austin Posted August 31, 2018 Tags Property Tax, Taxes
Maine’s Economy, Taxes and Budget New report: Corporations are choosing shareholder windfalls over workers’ raises A stock buyback is when a publicly traded company purchases shares from its own shareholders. In the corporate world, it’s a way to push or keep stock […] Sarah Austin Posted August 8, 2018 Tags Incomes, Taxes, Wages
Taxes and Budget New report: Since Bush Tax Cuts, wealthiest one-fifth of Americans have reaped 65 percent of federal tax breaks In a new report, the Institute on Taxation and Economic Policy reveals that tax cuts since the George W. Bush administration have disproportionately benefited the wealthiest American […] Sarah Austin Posted July 16, 2018 Tags Income Tax, Tax Breaks, Tax Fairness, Taxes
Education, Health Care, Maine’s Economy Analysis: Trump’s budget squeezes struggling Mainers to pay for giveaways to top 1 percent, wealthy corporations The tax bill passed by the Republican-controlled Congress and signed by President Donald Trump in December created a $1.5 trillion hole in the federal budget to create […] Sarah Austin Posted February 23, 2018 Tags Budget, Education, Federal, Health Care