Taxes and Budget Study on child brain activity another reason for congressional activity on child tax credit Even with some caveats, the early results should crystallize for lawmakers what was already clear with the expanded child tax credit: Now is not the time to […] Bangor Daily News Posted January 27, 2022 Tags Children, Federal, Tax Fairness, Taxes
Taxes and Budget Report: Only a third of PPP money went to the workers it was intended for Keeping in line with previously released data that demonstrated that PPP loans overwhelmingly went to big businesses, the new study found that the loans were inefficient in their […] Beacon Posted January 26, 2022 Tags Budget, Federal, Jobs
Maine’s Economy MECEP context and quotes on inflation and surplus AUGUSTA, Maine — Ahead of the U.S. Bureau of Labor Statistics Friday release of the November Consumer Price Index data on Friday, December 10, the Maine Center for Economic […] Posted December 9, 2021 Tags Coronavirus, Economy, Federal, Wages
Taxes and Budget Build Back Better Act is the transformative plan Maine needs Rep. Jared Golden opposed the bill in part because he disagreed with a provision lifting the cap on state and local tax deductions. The Maine Center for Economic Policy wrote […] Bangor Daily News Posted December 1, 2021 Tags Budget, Coronavirus, Federal, Tax Breaks, Tax Fairness, Taxes
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
Jobs and Income Maine records slight job gains in October as labor crunch continues Gov. Janet Mills’ announcement this week that all Maine adults are eligible for a vaccine booster shot could help improve the state’s job recovery, said Arthur Phillips, […] Portland Press Herald Posted November 19, 2021 Tags Coronavirus, Federal, Jobs
Maine’s Economy, Taxes and Budget MECEP statement on House passage of Build Back Better With the House poised to take a vote on the Build Back Better legislation, we are one step closer to delivering policy advances that will help families […] Posted November 19, 2021 Tags Economy, Federal
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 Opinion: Rising prices is exactly why we must pass Build Back Better While the rising cost of living may appear worrying at first, it is important to keep the wider economic context for families in mind. Existing federal relief […] Beacon Posted November 17, 2021 Tags Coronavirus, Economy, Federal
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