Taxes and Budget Both spending cuts and revenue increases must be considered to balance budget New research from the left-leaning Maine Center for Economic Policy shows that lowering taxes doesn’t necessarily spur economic activity. For example, after the 2008 recession, five states, including Maine, […] Bangor Daily News Posted September 14, 2020 Tags Budget, Revenue, Taxes
Jobs and Income Maine Council of Aging hosting virtual summit to include speakers, panels The Maine Council on Aging will host the 2020 Virtual Wisdom Summit featuring state and national leaders in aging policy, workforce and wellness on Wednesdays, Sept. 16 […] Sun Journal Posted September 14, 2020 Tags Seniors
Taxes and Budget Proposal to close state's $538M revenue shortfall includes call for more federal support Garrett Martin, executive director of the Maine Center for Economic Policy, said that the proposal “is a good attempt to bridge the revenue gap in the current […] MaineBiz Posted September 11, 2020 Tags Budget, Coronavirus, Federal, Recession, Revenue
Taxes and Budget State finance department makes recommendations to curtail lost revenue With state revenue down more than $500 million due to COVID-19, the Department of Administrative and Finance Services have passed along a few suggestions to Governor Janet […] Fox Bangor Posted September 10, 2020 Tags Budget, Revenue
Maine’s Economy Anti-racist action in Portland follows canceled Black Lives Matter protest In Portland, according to the FBI Crime Data Explorer and the US Census Bureau, 17.8 percent of police arrests from 2008-2018 were of Black people, while Blacks account for only 8.3 […] Portland Phoenix Posted September 9, 2020 Tags Racial Equity
Maine’s Economy What the road ahead looks like for Maine’s economy James Myall, policy analyst with the left-leaning Maine Center for Economic Policy in Augusta, said that like the Great Recession from 2007 and 2009 that took eight […] Bangor Daily News Posted September 1, 2020 Tags Economic Security, Economy, Recession
Taxes and Budget Tax committee chair calls for taxing wealthy to address revenue shortfall Sarah Austin, a policy analyst with the Maine Center for Economic Policy who also took part in the discussion, pointed out that “over the next three years, […] Beacon Posted August 14, 2020 Tags Budget, Revenue, Tax Fairness, Taxes
Taxes and Budget With tighter census deadline, advocates worry Mainers most in need won’t be counted James Myall, policy analyst at the Maine Center for Economic Policy, said the earlier deadline means certain populations in the state are more likely to be undercounted. […] Beacon Posted August 10, 2020 Tags Budget
Taxes and Budget Maine leaders urge Congress to end gridlock on COVID-19 relief package Democratic leaders and White House officials met Friday for the 10th time in 12 days, but those talks broke down again as the two sides remained hundreds of billions […] Portland Press Herald Posted August 7, 2020 Tags Coronavirus, Federal, Recession, Unemployment
Maine’s Economy Co-Chairs of Legislature's budget, labor committees join laid-off workers in call for Congress to pass real COVID-19 relief Inaction by US Senate is increasing hardship for Mainers and threatens deeper, longer recession AUGUSTA, Maine — Mainers facing continued record-breaking unemployment and an unprecedented state revenue crisis […] Posted August 7, 2020 Tags Budget, Coronavirus, Federal, Unemployment