Taxes and Budget MECEP statement on passage of supplemental budget AUGUSTA, MAINE — Garrett Martin, executive director of the Maine Center for Economic Policy, released the following statement in response to the Legislature’s approval early Friday morning of […] Posted March 12, 2021 Tags Budget, Tax Breaks, Tax Fairness
Taxes and Budget Maine’s proposed corporate tax break would be better spent on other priorities, advocates say MECEP communications director Mario Moretto said that it is ill advised for legislators to consider a new tax break that will disproportionately benefit the corporations that have […] Beacon Posted February 18, 2021 Tags Budget, Coronavirus, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Maine doesn’t need a new special interest sales tax loophole The Maine Legislature is considering a bill, LD 140, that would allow businesses that sell prepared food and beverages to keep one penny of the eight–cent sales tax on prepared foods. The bill would create […] Sarah Austin Posted February 9, 2021 Tags Budget, Tax Breaks, Taxes
Taxes and Budget Double tax cut for PPP grants would compromise funding for Maine's recovery AUGUSTA, Maine — Garrett Martin, executive director of the Maine Center for Economic Policy, released the following statement in response to the governor’s proposal to provide a […] Posted February 9, 2021 Tags Budget, Tax Breaks, Taxes
Taxes and Budget Gov. Mills offers compromise to give tax break to 99% of business loan recipients Garret Martin, executive director of the Maine Center for Economic Policy, said the governor’s proposal creates a tax loophole and costs state revenue that could be better […] Portland Press Herald Posted February 9, 2021 Tags Budget, Coronavirus, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget 'Is This Our Party Anymore?' — Maine's Establishment Republicans Who Got Canceled That was the dilemma for Mills, whose budget writers were confronting an estimated $100 million hole in the current budget if the state conformed to the federal tax code […] Maine Public Posted January 29, 2021 Tags Budget, Coronavirus, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget The Daily Brief: Janet Mills boxed herself in on virus aid taxes before reversing course Republicans have argued that Mills should fund the tax cuts with spending cuts rather than federal funding, but Wednesday marked a victory in their first real tax […] Bangor Daily News Posted January 28, 2021 Tags Budget, Coronavirus, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget RELEASE: No double-dip tax breaks for businesses that received PPP grants AUGUSTA, Maine — Powerful business special interests are pushing the state to enact a double-dip tax break scheme that would take $100 million away from Maine’s COVID […] Posted January 27, 2021 Tags Budget, Coronavirus, Federal, Tax Breaks, Taxes
Taxes and Budget Lawmakers should reject scheme to turn PPP into double tax cuts for profitable businesses Maine’s top priority for a robust, fair COVID recovery must be to provide relief to struggling families and make investments in schools, communities, infrastructure, and services that will […] Sarah Austin Posted January 27, 2021 Tags Budget, Coronavirus, Federal, Revenue, Tax Breaks, Taxes
Taxes and Budget Mills says she’ll seek ways to avoid state tax on businesses’ relief loans But the liberal Maine Center for Economic Policy said the state should reject a “double-dip tax break scheme” for businesses. The organization said making the loans tax-free […] Portland Press Herald Posted January 27, 2021 Tags Budget, Coronavirus, Tax Breaks, Tax Fairness, Taxes