Taxes and Budget Legislature Passes Bill to Conform with Federal Tax Cuts The liberal-leaning Maine Center for Economic Policy said the bill is imperfect, but the final compromise legislation got rid of some of the “worst policies” proposed in […] The Free Press Posted September 6, 2018 Tags Federal, Tax Breaks, Tax Fairness, Taxes, Trump Tax Cuts
Taxes and Budget Lawmakers approve tax conformity bill, send it to LePage The Maine Center for Economic Policy, an Augusta-based nonprofit, characterized the enacted bill as a compromise, stating in a news release that it “splits the difference” between […] MaineBiz Posted August 31, 2018 Tags Federal, Tax Breaks, Tax Fairness, Taxes, Trump Tax Cuts
Taxes and Budget Legislature splits the difference in final tax conformity compromise FOR IMMEDIATE RELEASE: August 30, 2018 CONTACT: Mario Moretto, Communications Director mario@mecep.org (207) 620-1101 AUGUSTA, Maine — The Maine Center for Economic Policy has released a new […] Posted August 31, 2018 Tags Federal, Tax Breaks, Tax Fairness, Taxes, Trump Tax Cuts
Taxes and Budget New report: Since Bush Tax Cuts, wealthiest one-fifth of Americans have reaped 65 percent of federal tax breaks In a new report, the Institute on Taxation and Economic Policy reveals that tax cuts since the George W. Bush administration have disproportionately benefited the wealthiest American […] Sarah Austin Posted July 16, 2018 Tags Income Tax, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget MECEP Op-Ed in the Press Herald: LePage’s tax plan gives huge benefits to a few at expense of the many We can fully fund our public schools. We can build a robust infrastructure that lays the groundwork for sustained, shared economic prosperity. We can maintain a public […] Portland Press Herald Posted March 29, 2018 Tags Tax Breaks, Tax Fairness, Taxes
Taxes and Budget PPH Editorial: Our View: Expensive tax overhaul wrong move for Maine The most expensive part of LePage’s package is a revved-up depreciation schedule for businesses that would cost the state $55 million in the current budget, according to […] Portland Press Herald Posted March 15, 2018 Tags Federal, Tax Breaks, Tax Fairness, Taxes, Trump Tax Cuts
Taxes and Budget BDN Editorial: Tax conformity not a top priority for Maine Given this, there is no reason for Maine to conform with the federal tax changes. In fact, Gov. Paul LePage acknowledges this and has warned Maine legislators […] Bangor Daily News Posted March 10, 2018 Tags Federal, Tax Breaks, Tax Fairness, Taxes, Trump Tax Cuts
Taxes and Budget PRESS RELEASE: LePage Tax Bill siphons revenue from Maine's future to pay for benefits to profitable businesses and wealthy households AUGUSTA, Maine – Gov. Paul LePage’s administration on Thursday unveiled the governor’s tax conformity bill – an $88.2 million proposal to adopt portions of the Trump Tax Plan […] Posted March 1, 2018 Tags Budget, Revenue, Tax Breaks, Tax Fairness, Taxes, TCJA
Maine’s Economy “Tax Conformity” means bringing the disastrous Trump Tax Code to Maine. Here’s what you need to know. UPDATED: This blog post was updated on February 5, 2018, to reflect the latest analysis from Maine Revenue Services. This year, state legislators will face so-called “tax conformity” […] Sarah Austin Posted January 26, 2018 Tags Tax Fairness, Taxes, Trump Tax Cuts
Taxes and Budget Maine families pay more under final GOP tax bill House and Senate Republicans expect to vote on their tax bill early this week after an agreement on its provisions was struck Friday. The deal lowers the top individual rate to 37 […] Sarah Austin Posted December 19, 2017 Tags Tax Fairness, Taxes, TCJA