Taxes and Budget Report: Millionaires didn’t flee when tax rates increased in certain states “When social ties are strong, fiscal and financial incentives have a smaller playing field and less influence on individual behavior,” the authors argue, adding that “embeddedness allows […] Beacon Posted August 12, 2022 Tags Tax Fairness, Taxes
Health Care, Jobs and Income, Taxes and Budget The Inflation Reduction Act makes our tax code fairer, tackles the climate crisis, and makes health care more affordable for Mainers On Sunday, the US Senate passed the Inflation Reduction Act, a bill which promises to make historic investments in clean energy, long-awaited fixes to our upside-down tax […] James Myall Posted August 11, 2022 Tags Federal, Health Care, Inflation, Tax Fairness, Taxes
Taxes and Budget A recent history of Maine’s swiftly evolving tax code For most of the 1990s and 2000s, Maine’s tax code remained relatively stable. Corporate and income tax rates were unchanged and except for modifications to how the […] Sarah Austin Posted August 4, 2022 Tags Budget, EITC, Income Tax, Property Tax, Revenue, Sales Tax, Tax Fairness, Taxes
Taxes and Budget MECEP statement on federal “Inflation Reduction Act” Maine Center for Economic Policy (MECEP) applauds the proposed “Inflation Reduction Act” recently announced by US Senators Chuck Schumer and Joe Manchin and urges Maine’s Congressional delegation […] Posted August 1, 2022 Tags Corporate Power, Economic Security, Economy, Federal, Health Care, Income Tax, Inflation, Medicare, Tax Fairness, Taxes
Taxes and Budget Lack of corporate tax transparency hurts Maine When corporations receive lucrative tax incentives and fail to pay their fair share in taxes, they profit from the hard work of Mainers and exploit the resources […] Maura Pillsbury Posted July 5, 2022 Tags Economy, Income Tax, Tax Fairness, Taxes
Maine’s Economy Feeling the Pinch: Inflation and corporate consolidation Prices are rising and Mainers are feeling the pinch. At the same time, some of the world’s largest corporations are reporting record profits. The mismatch between Mainers […] James Myall Posted June 20, 2022 Tags Children, Consumer Protection, Economic Security, Economy, Food Insecurity, Inflation, Tax Fairness, Taxes
Taxes and Budget Maine Lawmakers Are Putting $$$ In Workers' Pockets There’s no way around it – expenses are rising faster than wages. That’s why Maine lawmakers expanded the Earned Income Tax Credit this session, which means money […] Mainers for Working Families Posted June 9, 2022 Tags Economic Security, EITC, Tax Fairness, Taxes
Taxes and Budget Once again, Legislature extends broken tax break for businesses When funding is funneled away from public priorities like schools, infrastructure, and health care and into business tax breaks, we should be confident that the spending is […] Maura Pillsbury Posted May 27, 2022 Tags Economic Security, Revenue, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Paul LePage keeps proposing tax ideas that would harm average Mainers LePage’s second term plans for slashing, leading to an elimination of, the income tax would have also raised sales taxes, which hit low and middle income people more. A 2017 analysis […] Bangor Daily News Posted May 24, 2022 Tags Economic Security, Revenue, Tax Fairness, Taxes
Taxes and Budget Earned Income Tax Credit expansion provides greater economic security for working families We all want expanded opportunities for our communities and to ensure our neighbors have the support they need to be stable and secure. But corporations are raising […] Sarah Austin Posted May 16, 2022 Tags EITC, Incomes, Poverty, Tax Fairness