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
Taxes and Budget ‘Wolf in sheep’s clothing:’ Dems hold the line against GOP budget demands Republicans pointed to the projected budget surplus to argue for the tax cuts, which analysts said would primarily benefit wealthy Mainers. “We are over-collecting taxes from Maine […] Beacon Posted March 31, 2023 Tags Budget, Tax Breaks, Tax Fairness, Taxes
Taxes and Budget Impacts of proposed income tax rate reduction House and Senate Republicans are demanding income tax cuts be part of the budget, and Democrats in the legislature were right to make sure they didn’t have […] MECEP Posted March 29, 2023 Tags Income Tax, Inequality, Tax Breaks, Tax Fairness, Taxes
Health Care, Taxes and Budget Maine lawmakers push to expand MaineCare to some non-citizens “With some of the previous expansions of MaineCare, the federal government has born a lot of the cost,” Maine Center for Economic Policy Analyst James Myall said. […] Fox 23 Posted March 28, 2023 Tags Health Care, Racial Equity, Taxes