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 What the Inflation Reduction Act means for Maine Stateside advocates like King, the liberal Maine Center for Economic Policy and Maine Senate President Troy Jackson, D-Allagash, say the bill will reduce costs for Mainers on utilities and health care, […] Bangor Daily News Posted August 8, 2022 Tags ARPA, Federal, Health Care, Inflation, 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 Paul LePage’s new plan for his old tax cut ideas His last budget proposal in 2017 was criticized by the Maine Center for Economic Policy, which said it would raise taxes on 80 percent of Mainers when […] Bangor Daily News Posted July 6, 2022 Tags Budget, Income Tax, 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
Taxes and Budget Maine Lawmakers Are Putting $$$ In Workers' Pockets There’s no way around it – expenses are rising faster than wages. That’s why Maine lawmakers expanded the Earned Income Tax Credit this session, which means money […] Mainers for Working Families Posted June 9, 2022 Tags Economic Security, EITC, Tax Fairness, Taxes