Senate’s pass-through proposal would cost Maine $57 million a year in state revenue

December 1, 2017 by

Sarah Austin

The Senate tax bill’s proposed 23% pass-through deduction would cost Maine $57 million a year in state revenue. It does so by reducing state income taxes primarily for wealthier households – 62% of the tax cuts associated with the pass-through proposal would benefit the top 5% of Maine households, or those making more than $181,000. 

The reason this proposal reduces state revenue is simple. Because much of Maine’s … Read the rest

Partial state and local tax deduction does nothing for vast majority of Maine families under Republican Tax Plan

November 29, 2017 by

Sarah Austin

The two versions of Republican tax legislation making their way through Congress are similar in that they are huge giveaways to the top 1% and profitable corporations, but differ regarding their treatment of income households use to pay state and local taxes. The Senate version completely repeals the state and local tax deduction, while the House version maintains that only property taxes up to $10,000 can be deducted … Read the rest

Senate Tax Bill Individual Tax Changes Hurt Maine Seniors

November 28, 2017 by

Sarah Austin

This week, the Senate is expected to vote on a bill that increases taxes on Mainers by 2027, increases health premiums for older Mainers by over $3,000 in rural areas, and triggers devastating cuts to Medicaid and Medicare as early as next year. This same bill will endanger fundamental health and security programs that seniors rely on and will also require Maine seniors to pay more in federal … Read the rest

3 Reasons Why the Trump-Republican Tax Scheme Puts Working Families LAST

November 20, 2017 by

Sarah Austin

Working families across America already know that the tax system is rigged in favor of the wealthy and large corporations. Despite his “America First” campaign rhetoric, President Trump and Republican lawmakers are pushing a tax scheme that puts hardworking Americans last and will undermine jobs for low- and middle-income familiesHere are the three most egregious ways the TrumpRepublican tax scheme puts working Read the rest

House Republican Tax Plan Reflects Misplaced Priorities and Missed Opportunities for Maine’s Middle Class and is Based on Failed Economic Ideas

November 10, 2017 by

Sarah Austin

Republican lawmakers in congress are working to fast-track tax legislation for President Trump by the end of 2017. House Republicans are attempting to pass a tax bill before Thanksgiving, with the Senate slated to take action in early December.  

The rushed, closed-door process that has led to the current House Republican tax bill has resulted in a fundamentally flawed proposal that will hurt Maine working families and seniors. … Read the rest

Trump-GOP tax framework: A windfall for the wealthy, little left for most Mainers

October 4, 2017 by

Sarah Austin

The U.S. House tomorrow and the Senate in two weeks are expected to vote on their respective budget resolutions that will chart a course to enact President Trump’s proposed tax plan with simple majorities in each chamber. The Trump tax proposal is unprecedented in terms of how severely tilted the tax breaks are toward millionaires and billionaires. Two-thirds of the tax benefits next year would be slated for … Read the rest

Women have the right to vote, but still don’t get equal pay for equal work

August 26, 2017 by
Sarah Austin

Sarah Austin

Today marks the anniversary of the 19th Amendment which granted white women the constitutional right to vote. The Equal Pay Act of 1963, Civil Rights Act of 1964, and Lily Ledbetter Fair Pay Act of 2009 are just some of the laws that have extended protections against

discrimination for women since the passage of the 19th amendment. Yet, there is still more progress to be made … Read the rest

Pine Tree Development Zones fail to create quality jobs in areas of need 

August 23, 2017 by
Sarah Austin

Sarah Austin

As part of a multiyear review of business tax credits, the state’s government accountability office reported today that the Pine Tree Development Zone (PTDZ) program does not live up to its promise of creating good jobs in higher unemployment areas. 

Pine tree development zones, sometimes called enterprise or opportunity zones in other parts of the country, designate geographic areas in need of jobs and economic development and offer … Read the rest

What happens when those with the most pay the least taxes?

July 7, 2017 by
Sarah Austin

Sarah Austin

In the early hours of the morning on July 4th, Maine Lawmakers enacted a two year budget that repealed the voter approved three percent surcharge on household income over $200,000 and gave a massive tax cut to the top two percent of households. This is the third biennial budget in eight years that contained tax breaks for the wealthiest Mainers. The top five percent of Mainers … Read the rest

Looming state shutdown dangerous for Maine’s economy

June 23, 2017 by
Sarah Austin

Sarah Austin

As the state’s two year budget comes due, Republican lawmakers continue to hold negotiations hostage over demands to repeal the voter approved 3% surcharge on household income over $200,000. The state is just seven days away from a potential state shutdown if a budget isn’t enacted on June 30th. Analysis released by the Maine State Employees Association and MECEP Friday shows the devastating impact a state shutdown could … Read the rest

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