Taxes and Budget Testimony in opposition to LD 1606, "An Act to Provide Funding to the Maine Budget Stabilization Fund.” Maine still hasn’t fully recovered from the recession of 2008. Economic growth remains sluggish, and we continue to face significant economic challenges. The legislature must focus first […] Jody Harris Posted March 7, 2016 Tags Budget
Taxes and Budget Testimony in Opposition to 1622 "An Act to Eliminate the Maine Estate Tax" “Eliminating the estate tax will generate a nearly $18 million give away to fewer than 60 of the wealthiest families owning property in Maine each year. These are […] James Myall Posted March 3, 2016 Tags Estate Tax
Taxes and Budget Eliminating Maine’s Estate Tax Will Harm Future Prosperity of All Mainers Governor LePage submitted a bill to eliminate Maine’s estate tax yesterday. The estate tax helps fund education, health care, and infrastructure that keeps our economy strong and […] Sarah Austin Posted March 2, 2016 Tags Estate Tax
Taxes and Budget Testimony in opposition to LD 1519, "An Act To Amend the Tax Laws To Strengthen Charitable Institutions, Encourage Home Ownership and Manage Medical Expenses" It is important to understand how each of the tax policies in the budget plan work together, not only to understand that concerns over homeownership and charitable […] Jody Harris Posted February 29, 2016 Tags Taxes
Taxes and Budget How Maine's Personal Income Taxes Work Mainers calculate their state personal income tax in three basic steps. The 2015 state budget changes how Mainers will calculate each step. Step One: Calculate Taxable Income […] Mark Sullivan Posted February 22, 2016 Tags Income Tax
Taxes and Budget Unlimited Wealthy Write Offs Siphon Money away from Maine Communities For a PDF of this document, click here. Last year, legislators came together to determine our state’s needs and craft a budget to meet them. This process […] Mark Sullivan Posted February 17, 2016 Tags Tax Breaks, Tax Fairness
Taxes and Budget When Budgets Unravel: Unlimited deductions will jeopardize schools and safety LD 1519 will create a $52 million budget hole Legislators passed a bipartisan budget last year that funds schools, communities, and programs that give a hand up […] Mark Sullivan Posted February 17, 2016 Tags Education, Tax Breaks
Taxes and Budget Maine Has More Pressing Priorities: Lawmakers Should Not Renew the Maine Capital Investment Credit For a PDF of this document, click here. Maine people and businesses count on lawmakers to effectively use taxpayer dollars to help grow Maine’s economy. Continuing ineffective […] Mark Sullivan Posted February 12, 2016 Tags Tax Breaks
Taxes and Budget Testimony in Opposition to LD 1564 “An Act To Update References to the United States Internal Revenue Code of 1986 Contained in the Maine Revised Statutes" “Businesses which claim the bonus depreciation and wind up having weak profits are allowed to carry the tax write offs forward for up to 20 years before […] Sarah Austin Posted January 25, 2016 Tags Tax Breaks, Taxes
Taxes and Budget Maine workers who will lose all or part of benefits if EITC/CTC benefits expire Mark Sullivan Posted October 22, 2015 Tags EITC, Taxes