Taxes and Budget MECEP statement on senior property tax freeze program fix Maine Center for Economic Policy (MECEP) State/Local Tax Policy Analyst Maura Pillsbury reacts to the overhaul of the senior property tax freeze program: “We applaud the work […] Posted June 2, 2023 Tags Property Tax, Seniors, Tax Fairness
Taxes and Budget Proposed Dirigo business subsidy is a bad deal for Maine and could worsen inequality The Mills administration is rushing through a $55 million per year tax giveaway for businesses without proper vetting that could worsen inequality in Maine. As recently noted […] Maura Pillsbury Posted May 31, 2023 Tags Revenue, Tax Breaks, Tax Fairness, Taxes
Maine’s Economy, Taxes and Budget About that tax ranking… Note: Updated April 15, 2024 As lawmakers debate tax credits, cuts, and subsidies, we often hear Maine’s tax policy compared with other states. State-by-state rankings and “listicles” […] MECEP Posted May 30, 2023 Tags Budget, Child Tax Credit, EITC, Income Tax, Inequality, Property Tax, Racial Equity, Sales Tax, Tax Breaks, Tax Fairness, Tax Havens, Taxes
Taxes and Budget Our View: Lawmakers should use child tax credit to boost next generation of Mainers “The child tax credit has such a transformational impact on children’s lives that every dollar spent on the credit has a ten dollar return on investment to […] Portland Press Herald Posted May 26, 2023 Tags Child Tax Credit, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Legislators can build on Governor’s change package to boost economic vitality for Maine families Governor Mills’ budget change package — which amends her prior budget proposal to align with more current revenue projections — lays a solid foundation for Maine. It […] Josie Phillips Posted May 18, 2023 Tags Budget, Child Care, Child Tax Credit, Housing, Inequality, Revenue, Tax Fairness, Taxes
Taxes and Budget Effort to undo LePage’s estate tax cut for millionaires returns to Augusta Between 1973 and 2015, according to the Maine Center for Economic Policy, the top 1% of Maine families captured 42% of all income growth, leaving just 57% for the […] Beacon Posted May 18, 2023 Tags Estate Tax, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Podcast: Are corporate tax breaks worth it? Probably not. As Gov. Janet Mills looks to “modernize” the Pine Tree Empowerment Zone corporate tax credit program, Esther and Ben are joined by Maura Pillsbury of the Maine […] Beacon Posted May 11, 2023 Tags Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Parents, advocates urge lawmakers to reduce poverty in Maine by expanding child tax credit In Maine, the expanded federal program in 2021 provided increased funds for 142,000 families with 229,000 children — and like the proposed state program, it was refundable, […] Beacon Posted May 5, 2023 Tags Child Tax Credit, Tax Fairness, Taxes
Taxes and Budget Some lawmakers call for more robust Maine Child Tax Credit Advocates of the bill also say “CTC” will have long term benefits. “Research has shown that the child tax credit, every dollar we spend on it, generates […] WGME Posted May 4, 2023 Tags Child Tax Credit, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Key Maine lawmakers are optimistic about reaching a tax-cut deal Going back to the era of former Gov. Paul LePage, Republicans have been focused on income tax cuts. Democrats have favored programs aiming to reduce property taxes. A child […] Bangor Daily News Posted May 4, 2023 Tags Budget, Tax Breaks, Tax Fairness, Taxes