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

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

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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

Eye on Augusta: Legislature Passes Tax Breaks for 28,000 Businesses and 160,000 Unemployed Workers

MECEP statement on passage of supplemental budget

Fecteau joins coalition calling to end tax loopholes, cuts for wealthiest Mainers

Diverse bloc of organizations urges Legislature to do more to address Maine's unmet needs

Maine’s proposed corporate tax break would be better spent on other priorities, advocates say