Taxes and Budget Golden votes no as House passes landmark social spending bill After months of debate, the U.S. House early Friday passed President Joe Biden’s landmark social spending bill, which will invest $1.85 trillion in child care, health care, […] Beacon Posted November 19, 2021 Tags Budget, Children, Coronavirus, Federal, Health Care
Taxes and Budget Letter: Golden right to be concerned about SALT increase As the Maine Center for Economic Policy pointed out in a recent blog post, much of the benefit from the SALT tax would go to the top 1 […] Bangor Daily News Posted November 18, 2021 Tags Budget, Coronavirus, Federal, Tax Breaks, Tax Fairness, Taxes
Maine’s Economy, Taxes and Budget Amending Build Back Better to lift SALT cap would undermine tax fairness As President Biden’s Build Back Better plan moves forward, Congressional leaders are considering an increase to the state and local tax (SALT) deduction. Under current law, individuals […] Sarah Austin Posted November 10, 2021 Tags Budget, Federal, Income Tax
Maine’s Economy, Taxes and Budget MECEP statement on Build Back Better framework AUGUSTA, Maine — Garrett Martin, president & CEO at the Maine Center for Economic Policy, released the following statement on the advancement of President Biden’s Build Back […] Posted October 28, 2021 Tags Budget, Caregiving, Education, Federal, Health Care, Infrastructure
Taxes and Budget Analysis: Opportunities abound as federal COVID relief funds flow into Maine counties According to an analysis by MECEP released earlier this month, Maine’s counties in total will receive $261 million in funds from the American Rescue Plan Act (ARPA). Counties have […] Beacon Posted October 22, 2021 Tags Budget, Federal, Local
Jobs and Income, Taxes and Budget Build Back Better promises to transform child care The Biden administration’s Build Back Better plan is a once-in-a-lifetime opportunity to fundamentally change the lives of working people, families, and children in Maine. Among other pillars, the plan […] Arthur Phillips Posted September 29, 2021 Tags Budget, Caregiving, Children, Jobs, Wages
Taxes and Budget Legislative watchdog finds Maine seed capital program needs fixing Maine spends hundreds of millions of dollars each year in business tax incentives. Because allocating money for this purpose reduces potential investments in other priorities including education […] Maura Pillsbury Posted September 21, 2021 Tags Budget, Tax Breaks, Taxes
Taxes and Budget State lawmakers make unprecedented investments in Maine communities and families this session Lawmakers delivered unprecedented resources to Maine people and communities this year as federal dollars and strong state tax revenues supported historic levels of investment in response to […] Sarah Austin Posted September 10, 2021 Tags Budget, Caregiving, Children, Education, Higher Education
Taxes and Budget Higher taxes on corporations and the wealthiest can secure a lasting recovery for Maine “The Build Back Better legislation offers our members of Congress and senators a chance to deliver real results for Mainers. It’s a chance to lift children out of […] Bangor Daily News Posted September 6, 2021 Tags Budget, Federal, Revenue, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Running on fumes: Lack of will imperils fund that keeps Maine roads, bridges safe In the near term, an increase in fuel taxes would likely be the simplest policy to implement. Raising the fuel tax would help spread the burden of […] Penobscot Bay Pilot Posted September 2, 2021 Tags Budget, Infrastructure