Taxes and Budget A recent history of Maine’s swiftly evolving tax code For most of the 1990s and 2000s, Maine’s tax code remained relatively stable. Corporate and income tax rates were unchanged and except for modifications to how the […] Sarah Austin Posted August 4, 2022 Tags Budget, EITC, Income Tax, Property Tax, Revenue, Sales Tax, Tax Fairness, Taxes
Taxes and Budget Lack of corporate tax transparency hurts Maine When corporations receive lucrative tax incentives and fail to pay their fair share in taxes, they profit from the hard work of Mainers and exploit the resources […] Maura Pillsbury Posted July 5, 2022 Tags Economy, Income Tax, Tax Fairness, Taxes
Maine’s Economy GRAPHIC SERIES: Prices are rising and Mainers are feeling the pinch Prices are rising and Mainers are feeling the pinch. At the same time, some of the world’s largest corporations are reporting record profits. This mismatch is the result […] MECEP Posted July 5, 2022 Tags Corporate Power, Economy, Graphic Series, Inflation
Maine’s Economy Feeling the Pinch: Inflation and corporate consolidation Prices are rising and Mainers are feeling the pinch. At the same time, some of the world’s largest corporations are reporting record profits. The mismatch between Mainers […] James Myall Posted June 20, 2022 Tags Children, Consumer Protection, Economic Security, Economy, Food Insecurity, Inflation, Tax Fairness, Taxes
Maine’s Economy, Taxes and Budget Federal Reserve data shows improved financial wellbeing, particularly among parents, in 2021 The expanded Child Tax Credit, which put more money into parents’ pockets and dramatically reduced childhood poverty, expired at the end of last year Last month, the […] Arthur Phillips Posted June 14, 2022 Tags Child Tax Credit, Children, Economic Security, Federal, Food Insecurity
Taxes and Budget Once again, Legislature extends broken tax break for businesses When funding is funneled away from public priorities like schools, infrastructure, and health care and into business tax breaks, we should be confident that the spending is […] Maura Pillsbury Posted May 27, 2022 Tags Economic Security, Revenue, Tax Breaks, Tax Fairness, Taxes
Health Care 130th Legislature makes health care more affordable for Mainers The 130th Maine legislature made real progress on health care affordability for Mainers. Maine Center for Economic Policy supported several bills which increased eligibility for children and […] James Myall Posted May 25, 2022 Tags Affordable Care Act, Economic Security, Family and Medical Leave, Federal, Health Care, Paid Sick Days, Prescription Drugs
Taxes and Budget How Maine is spending federal rescue plan funds Under the Biden administration’s American Rescue Plan Act (ARPA), over $4.5 billion of federal funding is flowing into Maine to contend with the impacts of the COVID-19 […] Maura Pillsbury Posted May 19, 2022 Tags ARPA, Budget, Children, Economic Security, Economy, Health Care, Infrastructure
Health Care GRAPHIC SERIES: Health insurance costs will soar for 66,000 Mainers if Congress doesn’t act Among the provisions included in the American Rescue Plan passed by Congress in 2021 was a program to increase the affordability of health insurance purchased through the […] MECEP Posted May 18, 2022 Tags ARPA, Economic Security, Federal, Health Care
Taxes and Budget Earned Income Tax Credit expansion provides greater economic security for working families We all want expanded opportunities for our communities and to ensure our neighbors have the support they need to be stable and secure. But corporations are raising […] Sarah Austin Posted May 16, 2022 Tags EITC, Incomes, Poverty, Tax Fairness