Taxes and Budget Testimony at Hearing on LD 55: An Act to Promote Filmmaking in the State LD 55 is a tax break for media production companies. It is well-intended legislation, but it is more likely to be a loss for Maine taxpayers than […] MECEP Posted February 4, 2013 Tags Tax Breaks, Taxes
Taxes and Budget The Plight of the Rich and Tax Flight, Again The gist of “Where Have Maine’s Rich Gone?”, a new Maine Heritage Policy Center release, is that Maine doesn’t have very many rich people because they have […] Joel Johnson Posted January 31, 2013 Tags Income Tax, Tax Fairness, Taxes
Taxes and Budget Booze, Bonds and Budget Balancing “A foolish consistency is the hobgoblin of little minds.” ―Self-Reliance, Ralph Waldo Emerson, 19th American essayist All leaders need followers. Despite Emerson’s call to be nonconformist, political […] Jody Harris Posted January 18, 2013 Tags Bonds, Budget, Taxes
Taxes and Budget An Avoidable Budget Crisis Despite what Governor LePage had to say about protecting the needy when he released his budget last week, the reality is far different. Low- and middle-income Mainers […] Joel Johnson Posted January 17, 2013 Tags Budget, Revenue, Taxes
Taxes and Budget The Great Tax Shift Is On! The Governor’s proposed budget “increases property taxes for 75,000 households by an average of $462, and as much as $1,600 for some households” Augusta, Maine (Friday, […] Posted January 11, 2013 Tags Budget, Property Tax, Tax Fairness, Taxes
Taxes and Budget Fact Sheet: Revenue Collapse Creates Budget Gap. Maine’s budget challenges are due to the recession and recent tax cuts As the new legislature prepares for Governor LePage to release his plans for dealing with an unexpected revenue shortfall this year and an $881 million structural budget […] MECEP Posted January 10, 2013 Tags Budget, Tax Breaks, Taxes
Taxes and Budget MECEP Analysis: "Revenue Collapse" Caused by Recession, Tax Cuts Responsible for State's Budget Shortfall Augusta, Maine (Thursday, January 10, 2013) As Governor Paul LePage prepares to release his budget for the biennium beginning July 1, 2013, the Maine Center for Economic […] Posted January 10, 2013 Tags Budget, Revenue, Tax Breaks, Taxes
Taxes and Budget Growing Income Inequality is Another Sign that We Need to Raise Taxes on the Rich Income inequality is growing and it’s a problem. New analysis of household income data shows a disturbing nationwide trend of growing income inequality over the last three […] Joel Johnson Posted November 15, 2012 Tags Federal, Inequality, Tax Fairness, Taxes
Taxes and Budget Expect More Cuts to Schools and Municipalities to Pay for Income Tax Cuts for the Rich The state is facing a $756 million structural budget gap over the next two years, according to a report released last month by the state’s budget office. […] Joel Johnson Posted October 23, 2012 Tags K-12 Education, Municipal Revenue Sharing, Tax Fairness, Taxes
Taxes and Budget Maine's Tax Solution: Fairness and Investing in Economic Growth MECEP’s new tax report should not be a surprise to anyone. It shows that income tax cuts made in 2011 are not the panacea that proponents have […] Jody Harris Posted October 18, 2012 Tags Economy, Income Tax, Tax Fairness, Taxes