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 Wealth tax bill addresses defects in our tax code and would increase funding for local services and affordable housing Ensuring fair taxation of wealth should always be a priority, and the pandemic has revealed just how important it is. Mostly low-wage workers on the frontlines of […] Sarah Austin Posted May 24, 2021 Tags Housing, Inequality, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Repealing tax cuts for the wealthiest estates would reduce inequality, fund investments in communities Our communities and are state are stronger when all Mainers and Maine families have equal opportunities to thrive. But growing inequality is a barrier to opportunity for […] Sarah Austin Posted May 13, 2021 Tags Estate Tax, Revenue, Tax Breaks, Tax Fairness, Taxes
Jobs and Income, Taxes and Budget Speaker Fecteau’s bill would use 3-cent tax on top 1 percent to fund hazard payments for frontline workers Maine’s pandemic experience has looked very different depending on where you stand in today’s economy. Essential frontline workers, many of whom were underpaid and experienced poor working […] Sarah Austin Posted May 12, 2021 Tags Coronavirus, Tax Breaks, Tax Fairness, Taxes, Wages
Taxes and Budget ‘Our wealthiest residents have never had it so good’: Bills aim to make tax code more fair In her testimony, Sarah Austin, tax and budget policy analyst at the Maine Center for Economic Policy, noted that LD 1136 and LD 1443 would only impact the […] Beacon Posted May 7, 2021 Tags Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Bills to raise taxes on high incomes would fund long-term investments in people and communities The wealthiest households in Maine have benefitted greatly from recent state and federal tax cuts. The top 1 percent receive over $50,000 a year in tax cuts […] Sarah Austin Posted May 6, 2021 Tags Budget, Income Tax, Revenue, Tax Breaks, Tax Fairness, Taxes
Jobs and Income Pine Tree Development Zones promised jobs but didn’t deliver. It’s time to end them. In 2003, the Maine Legislature created Pine Tree Development Zones, a tax expenditure program designed to spur job creation in economically distressed areas of the state. The […] Sarah Austin Posted March 24, 2021 Tags Jobs, Tax Breaks, Taxes
Taxes and Budget Maine lawmakers weigh income tax hikes, despite opposition from Mills Sarah Austin, a tax and budget policy analyst at the Maine Center for Economic Policy, said the measures would “raise significant and needed revenue and would do […] The Center Square Posted March 24, 2021 Tags Budget, Income Tax, Tax Breaks, 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 Analyst: COVID relief provision seeks to ensure funds are spent on services, not tax cuts The federal provision doesn’t entirely prevent state officials from cutting taxes. Some scenarios, such as slashing one tax but offsetting it with a tax increase, wouldn’t be […] Beacon Posted March 16, 2021 Tags Budget, Coronavirus, Tax Breaks, Tax Fairness, Taxes