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

Taxes and Budget

Maine can clamp down on corporate tax dodging by targeting tax haven abuse

When Maine communities thrive, so do the corporations that do business here. But when profitable corporations build their wealth by exploiting the tax code and hiding their […]

Sarah Austin

Posted April 14, 2021

Tags Economy, Revenue, Tax Fairness, 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

Bill to strengthen EITC would boost incomes for 92,000 Maine families, improve Maine’s tax code

The Earned Income Tax Credit, or EITC, is a proven tool to reduce poverty and give kids from families with low incomes a better shot at success […]

Sarah Austin

Posted March 23, 2021

Tags Children, EITC, 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

Early victory for tax fairness as Maine clamps down on corporate tax loopholes

Last week, the Legislature took a positive step toward tax fairness by closing a loophole in Maine’s tax code that gives corporations a tax break based on their foreign sales. As part of the […]

Mario Moretto

Posted March 17, 2021

Tags Revenue, Tax Fairness, Taxes, Trump Tax Cuts

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

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Speaker Fecteau’s bill would use 3-cent tax on top 1 percent to fund hazard payments for frontline workers

‘Our wealthiest residents have never had it so good’: Bills aim to make tax code more fair

Bills to raise taxes on high incomes would fund long-term investments in people and communities

Maine can clamp down on corporate tax dodging by targeting tax haven abuse

Maine lawmakers weigh income tax hikes, despite opposition from Mills

Bill to strengthen EITC would boost incomes for 92,000 Maine families, improve Maine’s tax code

Raising taxes on large, profitable corporations will help build strong communities without affecting small businesses

Early victory for tax fairness as Maine clamps down on corporate tax loopholes

Taxing the unearned income of the top 1 percent would help un-rig Maine’s tax code, boost resources for communities

Analyst: COVID relief provision seeks to ensure funds are spent on services, not tax cuts