Taxes and Budget It’s time to shine a light on corporate tax avoidance When corporations don’t pay what they owe in taxes, Maine people, communities, and small businesses end up footing the bill. As Maine Center for Economic Policy has […] Maura Pillsbury Posted April 10, 2023 Tags Corporate Power, Economy, Income Tax, Inequality, Tax Breaks, Tax Fairness
Taxes and Budget Op-ed: We all pay the price for ineffective corporate tax giveaways The cost of ill-conceived and opaque subsidies is high. Business tax giveaways shift costs onto taxpayers, take money from other important priorities and perpetuate wealth inequality by […] MaineBiz Posted April 4, 2023 Tags Budget, Revenue, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget ‘Wolf in sheep’s clothing:’ Dems hold the line against GOP budget demands Republicans pointed to the projected budget surplus to argue for the tax cuts, which analysts said would primarily benefit wealthy Mainers. “We are over-collecting taxes from Maine […] Beacon Posted March 31, 2023 Tags Budget, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Impacts of proposed income tax rate reduction House and Senate Republicans are demanding income tax cuts be part of the budget, and Democrats in the legislature were right to make sure they didn’t have […] MECEP Posted March 29, 2023 Tags Income Tax, Inequality, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Maine should tax big corporate tax dodgers This year, Congress made a big change to how massive corporations — those with profits over $1 billion — are taxed by establishing a “real profits tax” […] Maura Pillsbury Posted March 27, 2023 Tags Revenue, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget How corporate consolidation is breaking Maine’s economy Corporate consolidation is suppressing wages, breaking supply chains and driving inflation. The result of unchecked monopolies is a more fragile economy and a less democratic society. This […] Beacon Posted March 23, 2023 Tags Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Advocates in Maine push for child tax credit expansion Advocates in Maine are calling on state and federal lawmakers to expand child tax credits. In 2021, Congress passed an extension to the child tax credit in […] WMTW Posted March 10, 2023 Tags Child Tax Credit, Children, Tax Fairness, Taxes
Taxes and Budget Both sides weigh in as Pine Tree Development Zone tax incentive program faces renewal The program is again up for renewal, and voices of support and opposition came out to be heard at a Feb. 15 public hearing convened by the Joint […] MaineBiz Posted March 3, 2023 Tags Tax Breaks, Tax Fairness, Taxes
Maine’s Economy, Taxes and Budget MECEP reaction to State of the Budget address Maine Center for Economic Policy (MECEP) president and CEO Garrett Martin reacts to Governor Mills’ State of the Budget address: “State budget choices can change lives. Maine […] Posted February 15, 2023 Tags Budget, Corporate Power, Economic Security, Economy, Family and Medical Leave, Income Tax, Tax Fairness, Taxes
Taxes and Budget Economists, lawmakers caution against squandering unexpected fiscal strength on tax cuts “Is it really a surplus if we’re not paying for these really essential needs that Mainers have?” asked Maura Pillsbury, a state and local tax analyst with […] Beacon Posted February 6, 2023 Tags Budget, Revenue, Tax Breaks, Tax Fairness, Taxes