Taxes and Budget Key Maine lawmakers are optimistic about reaching a tax-cut deal Going back to the era of former Gov. Paul LePage, Republicans have been focused on income tax cuts. Democrats have favored programs aiming to reduce property taxes. A child […] Bangor Daily News Posted May 4, 2023 Tags Budget, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Policy Brief: Are Tax Giveaways Worth the Money? Download the PDF version FULL REPORT SUMMARY Maine forgoes billions of dollars in revenue each year by giving out tax breaks. These tax giveaways are costly and […] Maura Pillsbury Posted May 1, 2023 Tags Budget, Revenue, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Maine budget surpluses rekindle GOP calls for income tax cuts The final proposal from Republicans did not specify a particular tax cut, but they had been lobbying to reduce rates for Maine’s lowest income tax bracket from […] Bangor Daily News Posted April 28, 2023 Tags Tax Breaks, Tax Fairness, Taxes
Taxes and Budget On Tax Day, Mainers argue everyone ‘deserves a slice,’ call for wealthy to pay their fair share The amount corporations currently pay in state taxes is opaque, although it is estimated that Maine gives away over a billion dollars in tax breaks to businesses […] Beacon Posted April 18, 2023 Tags Tax Breaks, Tax Fairness, Taxes
Taxes and Budget It’s time to shine a light on corporate tax avoidance When corporations don’t pay what they owe in taxes, Maine people, communities, and small businesses end up footing the bill. As Maine Center for Economic Policy has […] Maura Pillsbury Posted April 10, 2023 Tags Corporate Power, Economy, Income Tax, Inequality, Tax Breaks, Tax Fairness
Taxes and Budget Op-ed: We all pay the price for ineffective corporate tax giveaways The cost of ill-conceived and opaque subsidies is high. Business tax giveaways shift costs onto taxpayers, take money from other important priorities and perpetuate wealth inequality by […] MaineBiz Posted April 4, 2023 Tags Budget, Revenue, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget ‘Wolf in sheep’s clothing:’ Dems hold the line against GOP budget demands Republicans pointed to the projected budget surplus to argue for the tax cuts, which analysts said would primarily benefit wealthy Mainers. “We are over-collecting taxes from Maine […] Beacon Posted March 31, 2023 Tags Budget, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Impacts of proposed income tax rate reduction House and Senate Republicans are demanding income tax cuts be part of the budget, and Democrats in the legislature were right to make sure they didn’t have […] MECEP Posted March 29, 2023 Tags Income Tax, Inequality, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Maine should tax big corporate tax dodgers This year, Congress made a big change to how massive corporations — those with profits over $1 billion — are taxed by establishing a “real profits tax” […] Maura Pillsbury Posted March 27, 2023 Tags Revenue, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget How corporate consolidation is breaking Maine’s economy Corporate consolidation is suppressing wages, breaking supply chains and driving inflation. The result of unchecked monopolies is a more fragile economy and a less democratic society. This […] Beacon Posted March 23, 2023 Tags Tax Breaks, Tax Fairness, Taxes