Taxes and Budget

Early victory for tax fairness as Maine clamps down on corporate tax loopholes

Last week, the Legislature took a positive step toward tax fairness by closing a loophole in Maine’s tax code that gives corporations a tax break based on their foreign sales. As part of the […]

Mario Moretto

Posted March 17, 2021

Tags Revenue, Tax Fairness, Taxes, Trump Tax Cuts

Taxes and Budget

Taxing the unearned income of the top 1 percent would help un-rig Maine’s tax code, boost resources for communities

Most Mainers get the bulk of their income from wages. But those at the top of our economy often earn money in another way: They often have unearned income, from things like capital gains and […]

Sarah Austin

Posted March 16, 2021

Tags Budget, Inequality, Revenue, Tax Fairness, Taxes

Taxes and Budget

Analyst: COVID relief provision seeks to ensure funds are spent on services, not tax cuts

The federal provision doesn’t entirely prevent state officials from cutting taxes. Some scenarios, such as slashing one tax but offsetting it with a tax increase, wouldn’t be […]

Beacon

Posted March 16, 2021

Tags Budget, Coronavirus, Tax Breaks, Tax Fairness, Taxes

Taxes and Budget

Eye on Augusta: Legislature Passes Tax Breaks for 28,000 Businesses and 160,000 Unemployed Workers

Speaking in favor of the bill, Sarah Austin of the Maine Center for Economic Policy said that the measure would raise about $78 million in revenue each […]

The Free Press

Posted March 16, 2021

Tags Budget, Tax Fairness, Taxes

Maine’s Economy, Taxes and Budget

Why is Maine’s revenue picture better than expected?

Past recessions wreaked havoc on Maine’s state budget and the COVID recession was expected to do the same. While Maine’s current revenue forecast, finalized in early December […]

Sarah Austin

Posted March 5, 2021

Tags Coronavirus, Federal, Recession, Revenue, Taxes

Taxes and Budget

Fecteau joins coalition calling to end tax loopholes, cuts for wealthiest Mainers

Maine House Speaker Ryan Fecteau joined a coalition of advocacy organizations on Tuesday for a press event organized to call attention to the state’s growing economic inequality […]

Beacon

Posted March 3, 2021

Tags Budget, Tax Fairness, Taxes

Taxes and Budget

Diverse bloc of organizations urges Legislature to do more to address Maine's unmet needs

Lawmakers should raise $400 million annually to invest in Maine’s future, says group representing workers, seniors, educators, immigrants, health care and direct service providers, and policy experts […]

Posted February 24, 2021

Tags Coronavirus, Revenue, Tax Fairness, Taxes

Taxes and Budget

After more than a decade of cuts, it’s time to invest in Maine’s communities

Strong communities are the backbone of a good quality of life. Local services like parks, libraries, fire departments, safe roads, and clean water are integral to creating high-quality places where Maine families […]

Sarah Austin

Posted February 19, 2021

Tags Budget, Revenue, Taxes

Taxes and Budget

Maine’s proposed corporate tax break would be better spent on other priorities, advocates say

MECEP communications director Mario Moretto said that it is ill advised for legislators to consider a new tax break that will disproportionately benefit the corporations that have […]

Beacon

Posted February 18, 2021

Tags Budget, Coronavirus, Tax Breaks, Tax Fairness, Taxes

Taxes and Budget

Maine doesn’t need a new special interest sales tax loophole

The Maine Legislature is considering a bill, LD 140, that would allow businesses that sell prepared food and beverages to keep one penny of the eight–cent sales tax on prepared foods. The bill would create […]

Sarah Austin

Posted February 9, 2021

Tags Budget, Tax Breaks, Taxes

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Early victory for tax fairness as Maine clamps down on corporate tax loopholes

Taxing the unearned income of the top 1 percent would help un-rig Maine’s tax code, boost resources for communities

Analyst: COVID relief provision seeks to ensure funds are spent on services, not tax cuts

Eye on Augusta: Legislature Passes Tax Breaks for 28,000 Businesses and 160,000 Unemployed Workers

Why is Maine’s revenue picture better than expected?

Fecteau joins coalition calling to end tax loopholes, cuts for wealthiest Mainers

Diverse bloc of organizations urges Legislature to do more to address Maine's unmet needs

After more than a decade of cuts, it’s time to invest in Maine’s communities

Maine’s proposed corporate tax break would be better spent on other priorities, advocates say

Maine doesn’t need a new special interest sales tax loophole