Taxes and Budget Testimony at Hearing on L.D. 1664, An Act To Encourage Charitable Contributions to Nonprofit Organizations Since 2011, Maine’s tax code has gotten less, not more, fair. Reductions to the top income tax rate and changes to the estate tax cut taxes significantly […] MECEP Posted January 22, 2014 Tags Revenue, Taxes
Taxes and Budget Testimony at Hearing on L.R. 2721 An Act Related to the Tax Expenditure Review Task Force We are here today because we have a broken revenue system. Inflation-adjusted General Fund revenue during this two-year budget period is forecast to be no higher than […] MECEP Posted January 22, 2014 Tags Taxes
Taxes and Budget Maine income tax revenue is down from last year and on pace to fall short of 2000-2001 levels Halfway through fiscal year 2014, the latest available data from the State Controller shows that general fund income tax revenue is down 3.2% ($22 million) compared to the […] Joel Johnson Posted January 15, 2014 Tags Revenue, Taxes
Taxes and Budget Let’s remove obstacles to needed economic investments The legislature’s appropriations committee today is listening to the public’s opinion on two bills that, if passed, would direct the governor to carry out the will of […] Jody Harris Posted January 8, 2014 Tags Bonds, Jobs
Taxes and Budget The Distributional Effects of Recent Changes to Maine’s Tax System Abstract: Both classical economic theory and recent empirical research support the notion that taxes should be progressive: that the wealthiest citizens should pay a larger share of […] Jody Harris Posted December 23, 2013 Tags Tax Fairness, Taxes
Taxes and Budget State Revenue Reality Check State General Fund revenue for the two-year period that began in July 2013 (Fiscal Years 2014 and 2015) will be about $20.6 million (0.3%) higher than previously […] Joel Johnson Posted December 9, 2013 Tags Revenue, Taxes
Education, Jobs and Income, Taxes and Budget Bond Questions 2, 4, and 5: Maine needs to invest in higher education for struggling workers Thirty-six percent of the building stock at the University of Maine is 50 or more years old. Dwight Eisenhower was president when the state built most of […] Jody Harris Posted October 31, 2013 Tags Bonds, Education, Jobs
Taxes and Budget Question 3 – Maine’s aged bridges need repair You know the old line, “In Maine, driving is better in the winter because the potholes get filled with snow.” Mainers have always grumbled about road conditions. […] Jody Harris Posted October 30, 2013 Tags Bonds, Budget, Infrastructure, Jobs
Education, Jobs and Income, Taxes and Budget When small is mighty BIG! Robert Reich is short, four feet, eleven inches to be precise. I mention his height because the former labor secretary and current professor at the University of […] Mark Sullivan Posted October 18, 2013 Tags Budget, Children, Education, Health Care, Jobs, Medicaid, Taxes
Taxes and Budget An Analysis of Investment in Tourism in Western Maine: 2002-2012 This report documents the investment in tourism assets in Franklin and Oxford counties over the past decade. MECEP analysis indicates that federal, state, and philanthropic funds contribute […] Jody Harris Posted October 15, 2013 Tags Economy, Federal, Local, Taxes