Maine’s roads badly need work. On Tuesday, voters have the chance to make a small dent in our road needs. Question 4 will make $41 million available to repair roads and bridges and $10.5 million for other transportation needs. Together this funding will leverage an additional $105 million in federal and other public and private funds.
Earlier this week, I wrote a letter to the editor of my local newspaper (included below). In doing research for the letter, I came across a spreadsheet produced by the State Treasurer’s office that provides insight into how much money towns are losing as a result of cuts to state revenue sharing. I thought this might be of interest to others and have posted it on MECEP’s website. Note: MECEP … Read the rest
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. That gap would be half as big if it weren’t for fiscally irresponsible tax and budget policies enacted by state lawmakers over the past two years. The two-year cost of the income and estate tax cuts passed by lawmakers and signed by the … Read the rest
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 portrayed. First, the income tax cuts benefit mostly the wealthy. Second, they are not free; someone has to pay for them. The 125th Maine Legislature chose to have property taxpayers pick up the … Read the rest
Most Mainers who don’t owe federal income tax are working and paying a slew of other taxes, including federal payroll taxes and state and local taxes. The idea that they’ve got no “skin in the game” is wrong. They pay taxes at the pump, at the checkout counter and to the local tax assessor.
What about the rest of Mainers who don’t owe federal income tax and aren’t working? The … Read the rest