Taxes and Budget Maine Democrats begin crafting another state budget over Republican opposition Major pieces of a potential Democratic-only budget were still unclear on Saturday. Mills’ proposal included major items mostly swept out of the last spending plan, including $80 […] Bangor Daily News Posted June 24, 2023 Tags Budget, Revenue, Tax Fairness, Taxes
Taxes and Budget Property tax freeze fix would benefit older Mainers who need it most Update: The proposed changes to the property tax freeze program described here were enacted in July 2023 as part of the state budget, LD 258 part S. Click […] Maura Pillsbury Posted June 21, 2023 Tags Economic Security, Housing, Property Tax, Seniors, Tax Fairness
Taxes and Budget Commentary: Business incentive tax giveaway not the program Maine needs It’s no secret that Maine is facing a critical workforce shortage. A 2022 survey of Maine businesses conducted by the Maine State Chamber of Commerce and the […] Portland Press Herald Posted June 18, 2023 Tags Budget, Revenue, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget The window for balancing Maine’s tax code this session may be closing Proponents said amending Maine’s income tax is the most direct way to inject more fairness into the state’s tax code, while helping to fund critical needs such as […] Beacon Posted June 7, 2023 Tags Budget, Tax Breaks, Tax Fairness, Taxes
Maine’s Economy The Debt Ceiling — An Explainer Updated August 2, 2023 The White House negotiated a deal with Republicans in June to raise the debt ceiling and curb spending, averting default. Information on this […] Karin Leuthy Posted June 5, 2023 Tags Debt Ceiling, Economy, Explainer, Tax Fairness
Taxes and Budget Lawmakers should invest in the needs of Maine families Instead of facing these crises head on, Mills is proposing that the state spend $4.6 million to establish the new Dirigo Business Incentive Program, which would give money […] Bangor Daily News Posted June 2, 2023 Tags Revenue, Tax Breaks, Tax Fairness, Taxes
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