Taxes and Budget Improved Child Tax Credit long overdue for Maine families Maine families will get a significant boost from the Biden Administration’s expansion and improvement of the Child Tax Credit (CTC). Starting in July, the families of 229,000 […] MECEP Posted July 1, 2021 Tags Child Tax Credit, Children, Economic Security, Federal, Tax Breaks, Tax Fairness
Taxes and Budget Families of 229,000 Maine children eligible to receive first monthly payment as part of enhanced Child Tax Credit Biden administration launches new web portal to sign up, manage automatic payments AUGUSTA, MAINE — President Joe Biden has declared today “Child Tax Credit Awareness Day” to raise […] Posted June 21, 2021 Tags Child Tax Credit, Children, Federal, Poverty, Tax Fairness, Taxes
Taxes and Budget Progressive group calls for permanent extension of enhanced child tax credit Flaherty-Stanford, citing a projection from the Maine Center for Economic Policy, says the payments will bring more than $435 million into the state. “That’s money that’s going […] WMTW Posted June 15, 2021 Tags Children, Federal, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget MECEP statement on Gov. Mills' plan for federal ARP funds AUGUSTA, MAINE — MECEP executive director Garrett Martin released the following statement regarding Gov. Janet Mills’ plan for spending more than $1 billion in federal COVID relief […] Posted May 4, 2021 Tags Coronavirus, Federal
Maine’s Economy MECEP statement on Biden's American Families Plan AUGUSTA, MAINE — James Myall, economic policy analyst at the Maine Center for Economic Policy, released the following statement regarding the American Families Plan, a new legislative […] Posted April 28, 2021 Tags Coronavirus, Economic Security, Federal
Maine’s Economy Transformative “American Rescue Plan” will deliver $6 billion to Maine’s economy The $1.9 trillion American Rescue Plan Act recently approved by Congress will deliver roughly $6 billion to Maine’s economy, according to recent MECEP analysis. The top initiatives that will support Maine’s economic […] James Myall Posted April 2, 2021 Tags Children, Coronavirus, Economic Security, Economy, Education, EITC, Federal, Housing, Infrastructure, K-12 Education, SNAP, Taxes, Unemployment
Education One easy way for Maine to increase grants for college students with low incomes this year Thanks to federal forbearance on student loan payments during the pandemic, Maine has an opportunity to make college more affordable this year for students with low incomes by […] Jody Harris Posted March 17, 2021 Tags Education, Federal, Higher Education, Student Debt
Maine’s Economy MECEP applauds passage of American Rescue Plan to provide much-needed relief to Mainers AUGUSTA, MAINE — The Maine Center for Economic Policy applauds the passage today of the American Rescue Plan. This legislation is the kind of action the country […] Posted March 10, 2021 Tags Coronavirus, Economic Security, Federal
Maine’s Economy, Taxes and Budget Why is Maine’s revenue picture better than expected? Past recessions wreaked havoc on Maine’s state budget and the COVID recession was expected to do the same. While Maine’s current revenue forecast, finalized in early December […] Sarah Austin Posted March 5, 2021 Tags Coronavirus, Federal, Recession, Revenue, Taxes
Jobs and Income Collins pushes for federal minimum wage even lower than Maine’s rate Analysts have pointed out that, factoring in inflation, Collins’ new proposal provides even less for low-wage workers than what she supported previously. In 2014, Collins voted against a $10.10 […] Beacon Posted February 26, 2021 Tags Federal, Incomes, Minimum Wage