Taxes and Budget Maine can clamp down on corporate tax dodging by targeting tax haven abuse When Maine communities thrive, so do the corporations that do business here. But when profitable corporations build their wealth by exploiting the tax code and hiding their […] Sarah Austin Posted April 14, 2021 Tags Economy, Revenue, Tax Fairness, Taxes
Taxes and Budget Raising taxes on large, profitable corporations will help build strong communities without affecting small businesses Corporations in Maine benefit from our educated workforce, our public roads and other infrastructure, and our clean air and water — not to mention our reputation for […] Sarah Austin Posted March 18, 2021 Tags Revenue, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Early victory for tax fairness as Maine clamps down on corporate tax loopholes Last week, the Legislature took a positive step toward tax fairness by closing a loophole in Maine’s tax code that gives corporations a tax break based on their foreign sales. As part of the […] Mario Moretto Posted March 17, 2021 Tags Revenue, Tax Fairness, Taxes, Trump Tax Cuts
Taxes and Budget Taxing the unearned income of the top 1 percent would help un-rig Maine’s tax code, boost resources for communities Most Mainers get the bulk of their income from wages. But those at the top of our economy often earn money in another way: They often have unearned income, from things like capital gains and […] Sarah Austin Posted March 16, 2021 Tags Budget, Inequality, Revenue, Tax Fairness, Taxes
Taxes and Budget The state of Maine’s budget debate ahead of Janet Mills’ virtual speech But Sarah Austin, a budget analyst for the progressive Maine Center for Economic Policy and a member of the state’s economic forecasting commission, argues the opposite is true. […] Bangor Daily News Posted March 15, 2021 Tags Budget, Revenue
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
Taxes and Budget MECEP response to supplemental budget votes from the Committee on Appropriations and Financial Affairs CONTACTGarrett Martingmartin@mecep.org207.620.1102 AUGUSTA, Maine — Garrett Martin, executive director of the Maine Center for Economic Policy, released the following statement in response to the divided reports from […] Posted March 5, 2021 Tags Budget, Revenue
Taxes and Budget Advocates, activities say social needs need more funding “We would argue that if our long term goal is to make Maine be the best Maine it can be we really need to be willing to […] NewsCenter Maine Posted February 26, 2021 Tags Budget, Revenue
Taxes and Budget Diverse bloc of organizations urges Legislature to do more to address Maine's unmet needs Lawmakers should raise $400 million annually to invest in Maine’s future, says group representing workers, seniors, educators, immigrants, health care and direct service providers, and policy experts […] Posted February 24, 2021 Tags Coronavirus, Revenue, Tax Fairness, Taxes
Taxes and Budget After more than a decade of cuts, it’s time to invest in Maine’s communities Strong communities are the backbone of a good quality of life. Local services like parks, libraries, fire departments, safe roads, and clean water are integral to creating high-quality places where Maine families […] Sarah Austin Posted February 19, 2021 Tags Budget, Revenue, Taxes