Latest employment figures paint a poor picture for Maine’s economy in 2015 and beyond

January 26, 2016 by

James Myall website

The latest figures released by the Federal Bureau of Labor Statistics (BLS) reinforce a persistent trend for Maine’s economy.  The state continues to struggle to recover from the Great Recession, and the labor market, in particular, lags behind.

The latest release of monthly data for December 2015, shows that Maine’s seasonally-adjusted unemployment rate stands at 4.0% – below the national average of 5.0%.  Initially, this appears to be good news, … Read the rest

Why state lottery odds are never in Mainers’ favor

January 19, 2016 by

James Myall websiteIt’s hard to imagine a tax that people would line up to pay; a tax so enticing it would be the topic of conversation week after week. But that’s exactly what the Maine State Lottery is; and what’s more, it’s an inefficient tax that disproportionately affects the poor.

For 40 years, the lottery has effectively taken money from Maine’s poorest and placed it into the state’s General Fund. “Hope for … Read the rest

Focus on sales tax increases obscures the reality of a better deal for Maine people

January 11, 2016 by

Garrett Martin blog 11-16-2015Last year’s budget deal reduced taxes for 83% of Mainers. But the changes don’t happen all at once. And as the Maine media has reported, new sales taxes, potentially some of the least popular provisions of the bipartisan deal, went into effect on January 1. Taxpayers won’t fully realize more popular provisions – income tax cuts for nearly 9 out of every 10 Maine families and property tax cuts … Read the rest