Taxes and Budget Expanded child tax credit worked and should be reinstated With the stalling of President Joe Biden’s spending plan, the fate of the more generous child tax credit looks bleak, which is bad news for the millions […] Bangor Daily News Posted January 4, 2022 Tags Children, Economic Security, Tax Fairness, Taxes
Taxes and Budget Maine Voices: All too often, business tax breaks don’t work for Mainers Programs that use public funds should be well designed so that money raised through taxes is not wasted, strengthens our communities and promotes long-term growth and opportunity […] Portland Press Herald Posted January 1, 2022 Tags Tax Breaks, Tax Fairness, Taxes
Maine’s Economy, Taxes and Budget Lawmakers should use surplus revenue to help Mainers who need it most “Policies that get cash in the hands of the households that need it most have been central to reducing economic harm and fueling a faster recovery. Maine lawmakers, following the […] Bangor Daily News Posted December 21, 2021 Tags Budget, Economic Security, Economy, Inequality, Racial Equity, Revenue, Seniors, Tax Fairness, Taxes
Jobs and Income, Taxes and Budget Income of wealthiest in Maine nearly doubled from 2019 to 2020, report shows Sarah Austin, director of policy and research at the Maine Center for Economic Policy, said because there weren’t any big changes to the tax code between those […] Beacon Posted December 2, 2021 Tags Incomes, Inequality, Tax Fairness
Taxes and Budget Build Back Better Act is the transformative plan Maine needs Rep. Jared Golden opposed the bill in part because he disagreed with a provision lifting the cap on state and local tax deductions. The Maine Center for Economic Policy wrote […] Bangor Daily News Posted December 1, 2021 Tags Budget, Coronavirus, Federal, Tax Breaks, Tax Fairness, Taxes
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