Taxes and Budget RESEARCH REVIEW: State tax and budget cuts don’t boost economic activity and can cause harm Supporters of tax cuts often claim they will directly boost economic activity. A large body of research refutes this argument. In a comprehensive review of four decades […] MECEP Posted August 18, 2020 Tags Budget, Economy, Recession, Revenue, Taxes
Taxes and Budget Congress must act boldly to protect Maine families, communities from harm Maine faces a revenue shortfall of at least $1.2 billion in the next fiscal year. If unaddressed, this fiscal crisis would hurt families and communities, and make the recession worse. Congress must include state fiscal relief in the next coronavirus bill. Mario Moretto Posted May 8, 2020 Tags Coronavirus, Federal, Recession
Taxes and Budget REPORT: Maine needs fiscal relief now to address revenue shortfall of at least $1.2 billion Just two months after the pandemic’s first ripples were felt in the economy, forecasters say unprecedented state revenue shortfalls jeopardize state and local budgets. In Maine, revenue […] Sarah Austin Posted May 5, 2020 Tags Budget, Coronavirus, Federal, Revenue
Maine’s Economy, Taxes and Budget Policy Brief: To address wealth inequality, Maine must strengthen its estate tax More and more of society’s wealth is concentrated in the hands of a few families. At the same time, taxes that target the wealthy have been slashed, […] Sarah Austin Posted February 27, 2020 Tags Estate Tax, Inequality, Revenue, Tax Fairness, Taxes
Maine’s Economy, Taxes and Budget Policy Basic: Bonds are a vital tool for investing in the public good A strong and thriving economy depends on long-term investments in roads and bridges, clean water and schools, and other public goods that benefit people and businesses now and in the […] Jody Harris Posted February 21, 2020 Tags Bonds, Infrastructure
Taxes and Budget REPORT: Corporations' offshore tax haven abuse costs Mainers millions of dollars Corporations depend on things like an educated workforce, consumers with enough income to pay for services and products, and infrastructure that facilitates commerce. As a state and […] Sarah Austin Posted February 5, 2020 Tags Revenue, Tax Fairness, Taxes
Taxes and Budget Policy Brief: Big-box stores roll out 'dark store theory' for tax avoidance in Maine Walmart, Lowe’s and others are pushing the dubious ‘dark store theory’ to manipulate property valuations and win tax cuts, leaving local budgets and other taxpayers holding the […] Sarah Austin Posted October 31, 2019 Tags Property Tax, Tax Breaks
Taxes and Budget Policy Brief: Maine reaches new milestone in tax fairness A fair tax system asks those who benefit the most from our economy to contribute proportionately toward investments that ensure future generations can also thrive. But since […] Sarah Austin Posted September 4, 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