Eliminating Maine’s Estate Tax Will Harm Future Prosperity of All Mainers

March 2, 2016 by

Sarah Austin blog 11-16-2015Governor LePage submitted a bill to eliminate Maine’s estate tax yesterday. The estate tax helps fund education, health care, and infrastructure that keeps our economy strong and competitive and provides a pathway to prosperity for all Mainers regardless of the circumstances of their birth. Eliminating the state tax would jeopardize funding for these pillars of our economy and further divide the wealthiest Mainers from the rest of us.

Low- and … Read the rest

What Mainers need to know about the tax conformity debate

February 16, 2016 by

Sarah Austin blog 11-16-2015Maine legislators are currently debating tax conformity, a procedure primarily to make Maine’s tax code consistent with changes Congress made to the federal tax code last year. However, as the Bangor Daily News noted, “Over the years, Maine has been in different stages of compliance with the federal code around bonus depreciation, which allows upfront tax breaks for business equipment.” Choosing to conform to federal bonus depreciation is a … Read the rest

Why tax conformity really matters to Maine teachers and families

February 12, 2016 by

Sarah Austin blog 11-16-2015

“Propping up a tax break that reimburses teachers less than $20 as a true means of offering relief to teachers, who by the way spend on average $513 on school supplies each year, is just wrong. The reality is that legislators are not debating this meager tax break for teachers. The tax conformity provisions for teachers, students, and homeowners have vast bi-partisan support.”

The Maine Department of Administration and Finance … Read the rest

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