Jobs and Income, Taxes and Budget Wednesday Sit-Down: Tax breaks to bring in more jobs Garrett Martin from the Maine Center for Economic Policy sat down with CBS13 to discuss Governor Janet Mills’ plan to bring in more jobs. Click here to […] Fox 23 Posted June 7, 2023 Tags Jobs, Taxes, Wednesday Sit Down
Taxes and Budget The window for balancing Maine’s tax code this session may be closing Proponents said amending Maine’s income tax is the most direct way to inject more fairness into the state’s tax code, while helping to fund critical needs such as […] Beacon Posted June 7, 2023 Tags Budget, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Lawmakers should invest in the needs of Maine families Instead of facing these crises head on, Mills is proposing that the state spend $4.6 million to establish the new Dirigo Business Incentive Program, which would give money […] Bangor Daily News Posted June 2, 2023 Tags Revenue, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Proposed Dirigo business subsidy is a bad deal for Maine and could worsen inequality The Mills administration is rushing through a $55 million per year tax giveaway for businesses without proper vetting that could worsen inequality in Maine. As recently noted […] Maura Pillsbury Posted May 31, 2023 Tags Revenue, Tax Breaks, Tax Fairness, Taxes
Maine’s Economy, Taxes and Budget About that tax ranking… Note: Updated April 15, 2024 As lawmakers debate tax credits, cuts, and subsidies, we often hear Maine’s tax policy compared with other states. State-by-state rankings and “listicles” […] MECEP Posted May 30, 2023 Tags Budget, Child Tax Credit, EITC, Income Tax, Inequality, Property Tax, Racial Equity, Sales Tax, Tax Breaks, Tax Fairness, Tax Havens, Taxes
Taxes and Budget Our View: Lawmakers should use child tax credit to boost next generation of Mainers “The child tax credit has such a transformational impact on children’s lives that every dollar spent on the credit has a ten dollar return on investment to […] Portland Press Herald Posted May 26, 2023 Tags Child Tax Credit, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Legislators can build on Governor’s change package to boost economic vitality for Maine families Governor Mills’ budget change package — which amends her prior budget proposal to align with more current revenue projections — lays a solid foundation for Maine. It […] Josie Phillips Posted May 18, 2023 Tags Budget, Child Care, Child Tax Credit, Housing, Inequality, Revenue, Tax Fairness, Taxes
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