Taxes and Budget Testimony in Opposition to LD 1564 “An Act To Update References to the United States Internal Revenue Code of 1986 Contained in the Maine Revised Statutes" “Businesses which claim the bonus depreciation and wind up having weak profits are allowed to carry the tax write offs forward for up to 20 years before […] Sarah Austin Posted January 25, 2016 Tags Tax Breaks, Taxes
Taxes and Budget Allowing working family tax credits to expire will make it more difficult for these families to make ends meet Congress has the opportunity this fall to prevent key federal working family tax credits from expiring, resulting in cuts for 50 million working Americans, 16 million of […] Mark Sullivan Posted October 22, 2015 Tags EITC, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget MECEP Statement on Gov. LePage's Proposal to Seek a Ballot Initiative to Reduce Maine’s Income Tax to 4 Percent by 2021 Augusta, Maine (Tuesday, September 22, 2015) The Maine Center for Economic Policy (MECEP) issued the following statement in response to media reports that Gov. LePage and the Maine Republican Party […] Posted September 22, 2015 Tags Income Tax, Tax Breaks, Tax Fairness, Taxes
Maine’s Economy, Taxes and Budget Time to turn off Maine’s wasteful tax expenditure “faucet” One of the most fundamental obligations of the governor and legislature is careful, vigilant stewardship of how the state spends taxpayers’ hard-earned dollars. There are many competing […] Mark Sullivan Posted September 2, 2015 Tags Tax Breaks, Tax Fairness, Taxes
Taxes and Budget The one question Republican legislators need to answer Last Friday legislative Republicans released their tax plan for the coming two-year budget cycle. In reference to the Republican plan, Maine people deserve an answer to one […] Garrett Martin Posted May 22, 2015 Tags Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Where tax fairness is concerned, the legislative Republicans' tax plan is the worst of all Republican legislators released their plan for overhauling Maine’s tax system last week. Yesterday MECEP posted a chart comparing the distributional impacts of the Republican and Democratic plans. The […] Garrett Martin Posted May 19, 2015 Tags Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Distributional Impacts of Competing Tax Plans (chart) Mark Sullivan Posted May 19, 2015 Tags Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Republican Tax Plan Cuts Taxes for the Wealthy More than the Governor's Plan (chart) Mark Sullivan Posted May 19, 2015 Tags Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Estimated Distributional Impact of Three Maine Tax Reform Proposals (table) Mark Sullivan Posted May 19, 2015 Tags Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Everything you need to know about the Democratic and Republican tax plans in one chart Last week Republican legislators released their proposal for overhauling Maine’s tax system. The plan includes income and corporate tax cuts, and eliminates the estate tax, all disproportionately […] Garrett Martin Posted May 18, 2015 Tags Tax Breaks, Tax Fairness, Taxes