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

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

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

Growing Income Inequality is Another Sign that We Need to Raise Taxes on the Rich

November 15, 2012 by

Income inequality is growing and it’s a problem. New analysis of household income data shows a disturbing nationwide trend of growing income inequality over the last three decades. In Maine, as in the nation as a whole, incomes for the richest families grew faster than incomes for low- and middle-income families between the late 1990’s and the mid 2000’s. Households at all income levels saw incomes fall during the economic … Read the rest

A New Plan to Raise Taxes on 35,000 Working Maine Families With 65,000 Children

July 24, 2012 by

On Wednesday, the US Senate is expected to vote on two opposing tax proposals that would result in very different outcomes for low-income working Mainers.

One, by Senator Orrin Hatch (R-UT) would extend generous tax cuts for the top 2% of income earners in the country while simultaneously ending tax breaks for 13 million working families with 26 million children. It would also extend the “Lincoln-Kyl” estate tax provisions enacted … Read the rest

Health Care Reform: Now the real work begins

March 23, 2010 by

Passage of comprehensive health reform is an historic achievement, on a par with the establishment of Social Security and Medicare.  But the real task of reforming America’s ailing health care system is just beginning.

Provisions to eliminate lifetime benefit caps and introduce tax credits for small businesses that provide health insurance start immediately.  Others like the individual mandate and health insurance exchanges won’t take effect for another four years.  … Read the rest

Jobs! Jobs! Jobs!

February 16, 2010 by

As the 2010 election cycle shifts into high gear, one issue is front and center: the need to get Maine and America’s unemployed back to work.  MECEP has taken a leadership role in framing the debate and in providing factual arguments for action at both the state and federal levels.

On February 4th MECEP released a new report which estimated that cuts proposed to the state budget for health care … Read the rest