Taxes and Budget The coming tax debate between Janet Mills and Paul LePage LePage wants to supercharge this idea in his first year, telling WMTW he would begin his plan to phase out Maine’s income tax by exempting all pension income from […] Bangor Daily News Posted September 2, 2022 Tags Budget, Income Tax, Property Tax, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Pension exemptions benefit wealthy households and compromise resources This year, lawmakers included a tax change in the state’s budget that will significantly expand tax benefits for pension recipients in Maine. Beginning in 2023, pension recipients […] Sarah Austin Posted August 25, 2022 Tags Income Tax, Incomes, Revenue, Tax Fairness, Taxes
Taxes and Budget Biden signs into law Democrats’ wide-ranging climate change, health care and tax bill The bill, named the Inflation Reduction Act, was hailed by analysts in Maine, who said the tax and health care provisions would help create a more fair […] Beacon Posted August 17, 2022 Tags Budget, Federal, Tax Fairness, Taxes
Taxes and Budget MECEP applauds the enactment of the “Inflation Reduction Act” “The Inflation Reduction Act will ensure wealthy corporations making record profits pay their fair share. It will bring down the cost of prescription drugs for older Mainers […] Posted August 16, 2022 Tags Economy, Federal, Inequality, Inflation, Tax Fairness, Taxes
Taxes and Budget Report: Millionaires didn’t flee when tax rates increased in certain states “When social ties are strong, fiscal and financial incentives have a smaller playing field and less influence on individual behavior,” the authors argue, adding that “embeddedness allows […] Beacon Posted August 12, 2022 Tags Tax Fairness, Taxes
Health Care, Jobs and Income, Taxes and Budget The Inflation Reduction Act makes our tax code fairer, tackles the climate crisis, and makes health care more affordable for Mainers On Sunday, the US Senate passed the Inflation Reduction Act, a bill which promises to make historic investments in clean energy, long-awaited fixes to our upside-down tax […] James Myall Posted August 11, 2022 Tags Federal, Health Care, Inflation, Tax Fairness, Taxes
Taxes and Budget A recent history of Maine’s swiftly evolving tax code For most of the 1990s and 2000s, Maine’s tax code remained relatively stable. Corporate and income tax rates were unchanged and except for modifications to how the […] Sarah Austin Posted August 4, 2022 Tags Budget, EITC, Income Tax, Property Tax, Revenue, Sales Tax, Tax Fairness, Taxes
Taxes and Budget MECEP statement on federal “Inflation Reduction Act” Maine Center for Economic Policy (MECEP) applauds the proposed “Inflation Reduction Act” recently announced by US Senators Chuck Schumer and Joe Manchin and urges Maine’s Congressional delegation […] Posted August 1, 2022 Tags Corporate Power, Economic Security, Economy, Federal, Health Care, Income Tax, Inflation, Medicare, Tax Fairness, Taxes
Taxes and Budget Lack of corporate tax transparency hurts Maine When corporations receive lucrative tax incentives and fail to pay their fair share in taxes, they profit from the hard work of Mainers and exploit the resources […] Maura Pillsbury Posted July 5, 2022 Tags Economy, Income Tax, Tax Fairness, Taxes
Maine’s Economy Feeling the Pinch: Inflation and corporate consolidation Prices are rising and Mainers are feeling the pinch. At the same time, some of the world’s largest corporations are reporting record profits. The mismatch between Mainers […] James Myall Posted June 20, 2022 Tags Children, Consumer Protection, Economic Security, Economy, Food Insecurity, Inflation, Tax Fairness, Taxes