Taxes and Budget Maine goes into austerity mode as coronavirus takes steep budget toll Republicans are saying they told her so as she looks to cut out a similar portion. Progressives, on the other hand, are beginning to lament the tilt […] Bangor Daily News Posted August 6, 2020 Tags Budget, Coronavirus, Recession, Revenue
Jobs and Income, Maine’s Economy Low-income Mainers have been propping up the economy — and they just took a huge cut Garrett Martin, executive director of the Maine Center for Economic Policy, said the data makes the case for continued relief for the low-income families who need it […] Beacon Posted August 6, 2020 Tags Coronavirus, Economy, Unemployment
Jobs and Income Economists say reduced unemployment benefits will worsen unprecedented revenue shortfall In addition to action at the federal level, state lawmakers can reduce the impact of the recession by passing progressive revenue policies, explained Mario Moretto, communications director […] Beacon Posted August 3, 2020 Tags Coronavirus, Federal, Revenue, Unemployment
Jobs and Income As unemployment benefits expire, activists use light show to plead with Collins A recent analysis by the Maine Center for Economic Policy (MECEP) found that even with the additional $600 per week, “Mainers are facing hardships that would be made […] Beacon Posted July 31, 2020 Tags Coronavirus, Federal, Susan Collins, Unemployment
Jobs and Income Data reveals return to work not affected by $600 unemployment boost There’s no relationship between expanded Unemployment Compensation payments and individuals’ likelihood of returning to work, according to two recent studies. One, by researchers at Yale University, finds that more generous UC payments are not […] James Myall Posted July 31, 2020 Tags Coronavirus, Federal, Unemployment
Taxes and Budget Forecasted 3-year, $1.4 billion revenue shortfall reinforces need federal, state action to protect critical jobs and services New revenue projections released by state officials on Wednesday reiterate that Maine faces jaw-dropping revenue shortfalls that demand a strong federal response and a willingness by state […] Sarah Austin Posted July 29, 2020 Tags Budget, Coronavirus
Maine’s Economy STATEMENT: Revenue forecast shows urgent need for Congress to increase state aid Without revenue solution, state will be forced to make deep cuts that hurt Mainers and make the recession worse AUGUSTA, Maine — Sarah Austin, the lead analyst […] Posted July 29, 2020 Tags Coronavirus, Economy, Federal, Revenue
Jobs and Income Report Finds That 182,000 Mainers Would Be Affected By Cuts To Supplemental Unemployment Benefits The newest COVID-19 stimulus plan that Senate Republicans released Monday would cut supplemental unemployment benefits from $600 to $200 a week. That would impact about 182,000 Mainers, […] Maine Public Posted July 29, 2020 Tags Coronavirus, Federal, Jobs, Unemployment
Jobs and Income NEW REPORT: 182,000 Mainers would be harmed by federal unemployment cuts FOR IMMEDIATE RELEASE: AUGUSTA, Maine — Proposed cuts to federal unemployment benefits would affect 182,000 Mainers — including 46,000 children — who are relying on those payments to meet […] Posted July 29, 2020 Tags Coronavirus, Federal, Unemployment
Jobs and Income, Maine’s Economy REPORT: Cuts to Pandemic Unemployment Compensation would harm 182,000 Mainers The COVID-19 relief plan released by US Senate Republicans on July 27 would slash Federal Pandemic Unemployment Compensation (FPUC) by $400 per week, affecting approximately 182,000 Mainers […] James Myall Posted July 28, 2020 Tags Coronavirus, Incomes, Unemployment