Taxes and Budget As budget deadline nears, the gap between what lawmakers want and what they can pay for widens That idea could doom bipartisan goals, including a large expansion of the earned-income tax credit passed in a 10-1 vote in the tax committee last week. It […] Bangor Daily News Posted May 29, 2019 Tags Budget, Revenue
Taxes and Budget Maine has a tool to reduce poverty and encourage work. Expanding it makes sense. If fully funded, an estimated 177,000 households across the state would benefit, including roughly 14,000 family caregivers and 2,000 students, according to analysis by the left-leaning Maine Center for […] Bangor Daily News Posted May 29, 2019 Tags EITC, Poverty, Tax Fairness, Taxes
Jobs and Income Consumer protection bureau is moving to expose Mainers to predatory payday lenders Under its new director, the agency charged with protecting Americans from financial deception is instead planning to serve them up to some of Wall Street’s worst actors. […] Bangor Daily News Posted May 16, 2019 Tags Consumer Protection
Taxes and Budget Want to reduce poverty? Expand the Earned Income Tax Credit. In Maine, more than 103,000 families received the federal EITC in 2017 with an average refund of $2,158. Another 20,000, by IRS estimates, are eligible for the credit but […] Bangor Daily News Posted April 19, 2019 Tags EITC, Poverty, Tax Fairness, Taxes
Jobs and Income, Maine’s Economy Paid sick days will boost Maine’s economy In “ State of Working Maine 2018,” the Maine Center for Economic Policy outlined the evidence proving how a lack of paid sick leave hurts our state. This […] Bangor Daily News Posted February 21, 2019 Tags Economy, Job Quality, Paid Sick Days
Taxes and Budget EDITORIAL: Janet Mills offers hopeful budget but raises questions about funding sources Mills’ proposal may thread a political needle, but calls from her left to roll back the LePage-era tax cuts are a more intellectually honest way of achieving […] Bangor Daily News Posted February 12, 2019 Tags Budget, Revenue
Taxes and Budget Mills uses budget speech to further chip away at LePage legacy In 2017, the liberal Maine Center for Economic Policy found that LePage had foregone roughly $2 billion in federal funds — much of that around Medicaid expansion […] Bangor Daily News Posted February 11, 2019 Tags Budget
Taxes and Budget Janet Mills begins selling her budget to both ends of Maine’s political spectrum The leader of the liberal Maine Center for Economic Policy, which issued a budget framework with an income tax hike on higher earners, said it “locks in” […] Bangor Daily News Posted February 11, 2019 Tags Budget
Taxes and Budget What to expect from Janet Mills’ first two-year budget proposal Mills promised in her campaign she wouldn’t raise taxes. Progressives have only pushed her a bit so far. The Maine Center for Economic Policy released a budget framework calling for […] Bangor Daily News Posted February 8, 2019 Tags Budget
Taxes and Budget Mills avoids tax hikes, boosts school aid in $8 billion spending plan hit from left and right The half-measures in the budget will frustrate progressives. The Maine Center for Economic Policy advocated a budget outline that would use surpluses and a $518 million income […] Bangor Daily News Posted February 8, 2019 Tags Budget, Education, Taxes