Not filing an income tax return? You could be leaving as much as $1,000 on the table!

March 31, 2017 by
Garrett Martin

Garrett Martin

As the deadline for filing income taxes approaches, tens of thousands of Mainers who don’t owe any income tax should still file a return in order to benefit from refundable state tax credits.

Maine’s income tax forms include two new refundable credits this year. That means that even if you owe no income tax, you could still get a refund of as much as $1,000.

The two credits … Read the rest

Trump budget would drain millions out of Maine’s economy; from agriculture to workforce development

March 16, 2017 by
James Myall

James Myall

President Trump’s budget proposal, unveiled on Thursday, would have dramatic and detrimental effects on Mainers across the state, as it eliminates or reduces federal spending on a number of critical programs that help Maine build a strong economy and vibrant, thriving communities. Nearly every department of the federal government faces a reduction in its budget, which translates to across-the-board impacts at the state level, from Read the rest

Older Low-Income Mainers Face 1500% Increase in Insurance Premiums Under House GOP Plan

March 14, 2017 by
James Myall

James Myall

New analysis by MECEP shows that the Washington Republicans’ plan to replace the Affordable Care Act will hit Mainers especially hard, due to the restructuring of federal subsidies for health insurance purchased through the individual market. The House GOP plan, officially known as the “American Health Care Act” (AHCA), was unveiled Monday. Among a number of provisions, it seeks to shift federal subsidies for health … Read the rest

The LePage administration’s Q2 analysis gets it wrong

March 10, 2017 by
Garrett Martin

Garrett Martin

Economic impact analysis is not an exact science. It is rife with assumptions. Bad assumptions result in bad analysis. And bad analysis yields bad public policy.

Look no further  than the “Kansas experiment” for the disastrous consequences of policy based on such junk science. The mastermind behind the Kansas tax reform, Arthur Laffer, is notorious for peddling an economic theory that has no grounding in the real world. … Read the rest