Taxes and Budget Mills says she’ll seek ways to avoid state tax on businesses’ relief loans But the liberal Maine Center for Economic Policy said the state should reject a “double-dip tax break scheme” for businesses. The organization said making the loans tax-free […] Portland Press Herald Posted January 27, 2021 Tags Budget, Coronavirus, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Tax Policy Options: Maine needs progressive revenue solutions to build a stronger, fairer future Download the PDF version Download The incoming Legislature has the opportunity to address longstanding problems in the state’s tax code that have made life harder for Maine […] Sarah Austin Posted January 27, 2021 Tags Budget, Estate Tax, Income Tax, Revenue, Sales Tax, Tax Fairness, Taxes
Taxes and Budget Report: Taxing the wealthy will lead to a quicker economic recovery in Maine In a news release about the report, the Maine Center for Economic Policy (MECEP) pointed to three taxes mentioned in the report as essential for helping the […] Beacon Posted December 15, 2020 Tags Budget, Tax Fairness, Taxes
Taxes and Budget Maine can help fuel economic recovery for all by taxing wealth and high incomes AUGUSTA, MAINE — The state’s wealthiest residents have largely avoided the economic and health effects of COVID-19. Meanwhile, Mainers with the lowest incomes, who are more likely to […] Posted December 10, 2020 Tags Economy, Tax Fairness, Taxes
Taxes and Budget In their own words: Harrington and Kidder compete in Maine House District 19 After the Great Recession of 2008, some states cut their budgets and taxes while other states raised taxes on their wealthiest people and most profitable large corporations. […] Seacoast Online Posted October 16, 2020 Tags Budget, Tax Fairness, Taxes
Taxes and Budget Tax committee chair calls for taxing wealthy to address revenue shortfall Sarah Austin, a policy analyst with the Maine Center for Economic Policy who also took part in the discussion, pointed out that “over the next three years, […] Beacon Posted August 14, 2020 Tags Budget, Revenue, Tax Fairness, Taxes
Taxes and Budget Mainers coming together to fight inequality throughout state A new bill advocates want to see put in place would tax wealthy estates more than $2 million to fund things such as education and local services. […] Fox Bangor Posted March 5, 2020 Tags Inequality, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Rollback of LePage’s estate tax cut for multi-millionaires would raise $14 million The estate tax threshold is currently set at $5.8 million for any individual who has property in Maine, meaning that up to $5.8 million of a person’s […] Beacon Posted March 2, 2020 Tags Estate Tax, Tax Breaks, Tax Fairness, Taxes
Maine’s Economy, Taxes and Budget Policy Brief: To address wealth inequality, Maine must strengthen its estate tax More and more of society’s wealth is concentrated in the hands of a few families. At the same time, taxes that target the wealthy have been slashed, […] Sarah Austin Posted February 27, 2020 Tags Estate Tax, Inequality, Revenue, Tax Fairness, Taxes
Taxes and Budget Report says Maine losing $52 million a year to overseas tax havens The Maine Center for Economic Policy said that overseas tax havens mean companies like Apple pay lower or no taxes abroad on profits actually made here. “Businesses […] Fox Bangor Posted February 11, 2020 Tags Revenue, Tax Breaks, Tax Fairness, Taxes