Taxes and Budget MECEP: Bill to Restore Estate Tax Exclusion to $1 Million Will Make Maine's Tax System "Fairer and More Efficient" “The estate tax is one of the best tools for ensuring that all Maine children, regardless of how wealthy their parents or grandparents were, have the opportunity […] Posted March 30, 2015 Tags Estate Tax, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Low-income Maine residents would benefit from Governor LePage’s proposed sales tax fairness credit Buried in Governor LePage’s tax reform proposal is a good provision that would create new refundable income tax credit for low-income Maine residents. This credit is meant […] Marpheen Chann-Berry Posted March 25, 2015 Tags Income Tax, Tax Fairness, Taxes
Maine’s Economy, Taxes and Budget Many non-resident estates would benefit from Governor LePage’s proposed estate tax repeal As I explained previously, Gov. LePage’s proposal to eliminate Maine’s estate tax would exclusively benefit the wealthy. And now, thanks to information provided to the Taxation Committee yesterday […] Marpheen Chann-Berry Posted March 18, 2015 Tags Estate Tax, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Bill to Plug Corporate Tax Haven Loopholes Would Recover $5 Million Annually in Lost State Revenues LD 341 would help stop tax haven abuse and the erosion of Maine’s tax base by multi-national corporations doing business here Augusta, Maine (Monday, March 9, 2015) The […] Posted March 9, 2015 Tags Revenue, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget MECEP Statement on Gov. LePage's Proposal to Cut Income Taxes and Repeal Maine's Estate Tax Hearing today before the legislature’s Joint Standing Committees on Appropriations and Financial Affairs and Taxation Augusta, Maine (Tuesday, February 17, 2015) The Maine Center for Economic Policy […] Posted February 17, 2015 Tags Estate Tax, Income Tax, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Analyzing Governor LePage’s Tax Reform Plan Presentation at MECEP’s 2015 Tax and Budget Conference by MECEP economist Joel Johnson. To view the slide show, click here Mark Sullivan Posted February 13, 2015 Tags Tax Fairness, Taxes
Maine’s Economy, Taxes and Budget Eliminating Maine’s Estate Tax: Another Gift from Governor LePage to Wealthy Mainers The Governor’s plan to eliminate the state’s estate tax is bad for Maine, and the legislature should reject this proposal. It would hurt our ability to invest […] Marpheen Chann-Berry Posted February 3, 2015 Tags Estate Tax, Tax Breaks, Tax Fairness, Taxes
Maine’s Economy, Taxes and Budget Maine Capital Investment Credit: A Bogus "Bonus" Maine Can't Afford Imagine getting an unexpected bonus at the end of the year. It’s a nice windfall that we’d all appreciate. Would you feel differently if that bonus came […] Garrett Martin Posted January 29, 2015 Tags Economy, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget EITC Awareness Day: To receive it, you have to claim it Tomorrow, January 30th, is EITC Awareness Day, and as tens of thousands of Mainers and millions of Americans file their income tax returns, the value of the […] Mark Sullivan Posted January 29, 2015 Tags EITC, Tax Fairness, Taxes
Taxes and Budget The Sunday Telegram Analysis of LePage’s Tax Plan is Fatally Flawed. Ignore it. The table that appeared on Page 10 of this week’s Maine Sunday Telegram is fatally flawed due to a variety of calculation errors and faulty methodology. It […] Joel Johnson Posted January 26, 2015 Tags Tax Breaks, Tax Fairness, Taxes