Taxes and Budget Taxing the unearned income of the top 1 percent would help un-rig Maine’s tax code, boost resources for communities Most Mainers get the bulk of their income from wages. But those at the top of our economy often earn money in another way: They often have unearned income, from things like capital gains and […] Sarah Austin Posted March 16, 2021 Tags Budget, Inequality, Revenue, 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
Taxes and Budget Eye on Augusta: Legislature Passes Tax Breaks for 28,000 Businesses and 160,000 Unemployed Workers Speaking in favor of the bill, Sarah Austin of the Maine Center for Economic Policy said that the measure would raise about $78 million in revenue each […] The Free Press Posted March 16, 2021 Tags Budget, Tax Fairness, Taxes
Taxes and Budget MECEP statement on passage of supplemental budget AUGUSTA, MAINE — Garrett Martin, executive director of the Maine Center for Economic Policy, released the following statement in response to the Legislature’s approval early Friday morning of […] Posted March 12, 2021 Tags Budget, Tax Breaks, Tax Fairness
Taxes and Budget Fecteau joins coalition calling to end tax loopholes, cuts for wealthiest Mainers Maine House Speaker Ryan Fecteau joined a coalition of advocacy organizations on Tuesday for a press event organized to call attention to the state’s growing economic inequality […] Beacon Posted March 3, 2021 Tags Budget, Tax Fairness, Taxes
Taxes and Budget Diverse bloc of organizations urges Legislature to do more to address Maine's unmet needs Lawmakers should raise $400 million annually to invest in Maine’s future, says group representing workers, seniors, educators, immigrants, health care and direct service providers, and policy experts […] Posted February 24, 2021 Tags Coronavirus, Revenue, Tax Fairness, Taxes
Taxes and Budget Maine’s proposed corporate tax break would be better spent on other priorities, advocates say MECEP communications director Mario Moretto said that it is ill advised for legislators to consider a new tax break that will disproportionately benefit the corporations that have […] Beacon Posted February 18, 2021 Tags Budget, Coronavirus, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Gov. Mills offers compromise to give tax break to 99% of business loan recipients Garret Martin, executive director of the Maine Center for Economic Policy, said the governor’s proposal creates a tax loophole and costs state revenue that could be better […] Portland Press Herald Posted February 9, 2021 Tags Budget, Coronavirus, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget 'Is This Our Party Anymore?' — Maine's Establishment Republicans Who Got Canceled That was the dilemma for Mills, whose budget writers were confronting an estimated $100 million hole in the current budget if the state conformed to the federal tax code […] Maine Public Posted January 29, 2021 Tags Budget, Coronavirus, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget The Daily Brief: Janet Mills boxed herself in on virus aid taxes before reversing course Republicans have argued that Mills should fund the tax cuts with spending cuts rather than federal funding, but Wednesday marked a victory in their first real tax […] Bangor Daily News Posted January 28, 2021 Tags Budget, Coronavirus, Tax Breaks, Tax Fairness, Taxes