Taxes and Budget Report: Taxing the wealthy will lead to a quicker economic recovery in Maine In a news release about the report, the Maine Center for Economic Policy (MECEP) pointed to three taxes mentioned in the report as essential for helping the […] Beacon Posted December 15, 2020 Tags Budget, Tax Fairness, Taxes
Taxes and Budget In their own words: Harrington and Kidder compete in Maine House District 19 After the Great Recession of 2008, some states cut their budgets and taxes while other states raised taxes on their wealthiest people and most profitable large corporations. […] Seacoast Online Posted October 16, 2020 Tags Budget, Tax Fairness, Taxes
Taxes and Budget 2021 will bring another Maine budget fight on taxes and spending Progressive groups including the Maine Center for Economic Policy are renewing an advocacy push to raise taxes on high earners in the state as a way to avoid cuts. […] Bangor Daily News Posted October 13, 2020 Tags Budget, Taxes
Taxes and Budget Slashing state budget would slow Maine’s recovery, report warns If state lawmakers take the same path that their predecessors took in the aftermath of the Great Recession, Maine may once again see a slower recovery from […] Beacon Posted September 30, 2020 Tags Budget, Revenue, Taxes
Taxes and Budget Severe recession, without aid, could shrink Maine government revenue for years The potential for a deep, prolonged recession has sparked more calls from some analysts and Maine’s congressional delegation for federal stimulus that includes local government funding to […] Portland Press Herald Posted September 28, 2020 Tags Budget, Federal, Recession, Revenue
Taxes and Budget REPORT: Solving Maine’s Pandemic Revenue Crisis States that responded to the Great Recession by maintaining or increasing state jobs and spending outperformed states, such as Maine, that responded with layoffs and spending cuts. […] Sarah Austin Posted September 28, 2020 Tags Budget, Coronavirus, Revenue, Taxes
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
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
Taxes and Budget RESEARCH REVIEW: State tax and budget cuts don’t boost economic activity and can cause harm Supporters of tax cuts often claim they will directly boost economic activity. A large body of research refutes this argument. In a comprehensive review of four decades […] MECEP Posted August 18, 2020 Tags Budget, Economy, Recession, Revenue, Taxes