Taxes and Budget Letter: Golden right to be concerned about SALT increase As the Maine Center for Economic Policy pointed out in a recent blog post, much of the benefit from the SALT tax would go to the top 1 […] Bangor Daily News Posted November 18, 2021 Tags Budget, Coronavirus, Federal, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget You have until midnight to apply for the Expanded Child Tax Credit According to the Maine Center for Economic Policy, the new format has allowed more Maine families to benefit. “There are a lot of benefits the government has […] WABI Posted November 15, 2021 Tags Children, Tax Fairness, Taxes
Taxes and Budget House Ways and Means Committee tax plan rebalances tax code, boosts incomes for Mainers New analysis by the Institute on Taxation and Economic Policy found provisions in a bill recently approved by the House Ways and Means Committee would improve tax […] Sarah Austin Posted September 29, 2021 Tags Economic Security, Incomes, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Child Tax Credit expansion reducing hunger, increasing security for Maine kids — Congress must continue this life-changing program The Biden administration’s improvements to the Child Tax Credit (CTC) are cutting child hunger and improving economic security for families nationwide. About 4 out of 5 kids […] Sarah Austin Posted September 27, 2021 Tags Children, Coronavirus, Economic Security, Economy, Food Insecurity, Tax Fairness, Taxes
Taxes and Budget Higher taxes on corporations and the wealthiest can secure a lasting recovery for Maine “The Build Back Better legislation offers our members of Congress and senators a chance to deliver real results for Mainers. It’s a chance to lift children out of […] Bangor Daily News Posted September 6, 2021 Tags Budget, Federal, Revenue, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Story of the Session: the fight for tax fairness Mixed success The 130th Maine Legislature’s record on tax fairness is mixed. During one of the most chaotic and turbulent sessions in recent memory, the legislature was […] Ryan Tipping Posted August 16, 2021 Tags Budget, EITC, Estate Tax, Revenue, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Improved Child Tax Credit benefits all Mainers The Biden Administration’s expansion of the Child Tax Credit (CTC) provides guaranteed income to 90 percent of Maine families and will cut child poverty nearly in half. […] MECEP Posted August 10, 2021 Tags Child Tax Credit, Children, Economic Security, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Legislature forms working group on tax expenditure review process The Maine Legislature is forming a working group to evaluate the State’s process for reviewing tax expenditures – a broad set of policies and programs that have […] Maura Pillsbury Posted July 29, 2021 Tags Revenue, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Families start receiving Child Tax Credit The Maine Center for Economic Policy says Congress should include an extension of the credit in the upcoming recovery bill. ”We really see this as a win-win-win […] WABI Posted July 20, 2021 Tags Children, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget What The Child Tax Credit Could Mean For Maine Families Allina’s story is unfortunately, probably more common than it should be. The reality is, there are estimates that sort of suggests that it costs between $11,000 and […] Maine Public Posted July 16, 2021 Tags Children, Economic Security, Tax Breaks, Tax Fairness, Taxes