Taxes and Budget

Effort to undo LePage’s estate tax cut for millionaires returns to Augusta

Between 1973 and 2015, according to the Maine Center for Economic Policy, the top 1% of Maine families captured 42% of all income growth, leaving just 57% for the […]

Beacon

Posted May 18, 2023

Tags Estate Tax, Tax Breaks, Tax Fairness, Taxes

Taxes and Budget

Podcast: Are corporate tax breaks worth it? Probably not.

As Gov. Janet Mills looks to “modernize” the Pine Tree Empowerment Zone corporate tax credit program, Esther and Ben are joined by Maura Pillsbury of the Maine […]

Beacon

Posted May 11, 2023

Tags Tax Breaks, Tax Fairness, Taxes

Taxes and Budget

Parents, advocates urge lawmakers to reduce poverty in Maine by expanding child tax credit

In Maine, the expanded federal program in 2021 provided increased funds for 142,000 families with 229,000 children — and like the proposed state program, it was refundable, […]

Beacon

Posted May 5, 2023

Tags Child Tax Credit, Tax Fairness, Taxes

Taxes and Budget

Some lawmakers call for more robust Maine Child Tax Credit

Advocates of the bill also say “CTC” will have long term benefits. “Research has shown that the child tax credit, every dollar we spend on it, generates […]

WGME

Posted May 4, 2023

Tags Child Tax Credit, Tax Breaks, Tax Fairness, Taxes

Taxes and Budget

Key Maine lawmakers are optimistic about reaching a tax-cut deal

Going back to the era of former Gov. Paul LePage, Republicans have been focused on income tax cuts. Democrats have favored programs aiming to reduce property taxes. A child […]

Bangor Daily News

Posted May 4, 2023

Tags Budget, Tax Breaks, Tax Fairness, Taxes

Taxes and Budget

Policy Brief: Are Tax Giveaways Worth the Money?

Download the PDF version FULL REPORT SUMMARY Maine forgoes billions of dollars in revenue each year by giving out tax breaks. These tax giveaways are costly and […]

Maura Pillsbury

Posted May 1, 2023

Tags Budget, Revenue, Tax Breaks, Tax Fairness, Taxes

Taxes and Budget

Maine budget surpluses rekindle GOP calls for income tax cuts

The final proposal from Republicans did not specify a particular tax cut, but they had been lobbying to reduce rates for Maine’s lowest income tax bracket from […]

Bangor Daily News

Posted April 28, 2023

Tags Tax Breaks, Tax Fairness, Taxes

Taxes and Budget

On Tax Day, Mainers argue everyone ‘deserves a slice,’ call for wealthy to pay their fair share

The amount corporations currently pay in state taxes is opaque, although it is estimated that Maine gives away over a billion dollars in tax breaks to businesses […]

Beacon

Posted April 18, 2023

Tags Tax Breaks, Tax Fairness, Taxes

Taxes and Budget

Taxes are complicated, but the way we think about tax policy doesn’t have to be

When we all pitch in to pay for the services and infrastructure that build a thriving economy, everyone benefits. But if some people and corporations don’t pay […]

MECEP

Posted April 14, 2023

Tags Economy, Income Tax, Tax Fairness, Taxes

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

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Effort to undo LePage’s estate tax cut for millionaires returns to Augusta

Podcast: Are corporate tax breaks worth it? Probably not.

Parents, advocates urge lawmakers to reduce poverty in Maine by expanding child tax credit

Some lawmakers call for more robust Maine Child Tax Credit

Key Maine lawmakers are optimistic about reaching a tax-cut deal

Policy Brief: Are Tax Giveaways Worth the Money?

Maine budget surpluses rekindle GOP calls for income tax cuts

On Tax Day, Mainers argue everyone ‘deserves a slice,’ call for wealthy to pay their fair share

Taxes are complicated, but the way we think about tax policy doesn’t have to be

Op-ed: We all pay the price for ineffective corporate tax giveaways