Rep. Michael Brennan, D-Portland, says reversing the budgeting change by former Gov. Paul LePage would provide ‘one of the most direct forms of property tax relief.’
taxes
Posted inNation / World
Americans shocked by impact of new tax law
Husband and wife Andy Kraft and Amy Elias, of Portland, Ore., pose with their 2018 tax paperwork in their Portland home on Monday, Feb. 18, 2019. The couple got a small refund last year but this year owe more than $10,000 in taxes under the new tax law. AP Photo/Gillian Flaccus Wait, I owe the […]
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Posted inPolitics
Maine’s next 2-year budget focuses on funding education and Medicaid expansion – with no new taxes
Gov. Janet Mills proposes an $8 billion plan that would increase General Fund spending 11%, saying Maine can afford to put more money into schools, public safety and municipal revenue sharing.
Posted inMaine, Politics, sj-web
Sen. Susan Collins: Give all taxpayers a PIN and save billions of dollars
WASHINGTON, D.C. — U.S. Sen. Susan Collins of Maine is proposing legislation aimed at preventing billions of dollars in tax refunds each year from going to thieves instead of the taxpayers expecting the refunds. Collins introduced her bill, the Taxpayer Identity Protection Act, in the Senate on Monday, the first day taxpayers could file returns. Her bill […]
Posted inBusiness
U.S. budget deficit to hit $897 billion this year
Predictions indicate economic growth will slow as the effects of the president’s tax cuts for businesses drop off.
Posted inBusiness, News
Idea of 70% tax on wealthiest Americans has Davos abuzz
The suggestion by Rep. Alexandria Ocasio-Cortez has its share of critics.
Posted inConnections, sj-web
L-A CA$H taking free tax prep appointments
LEWISTON — The Lewiston-Auburn CA$H Coalition will accept requests for free tax preparation appointments starting Tuesday, Jan. 22. This service is open to Lewiston-Auburn residents and the surrounding area. Coupled with a free appointment, each resident will receive a free 15-minute financial checkup, providing them with an opportunity to hear about savings opportunities and local resources […]
Posted inBusiness, News, Politics
This year’s legislative session may pit Mills against her own party on taxes
Maine’s new governor has vowed not to raise taxes in her first 2-year budget proposal, but Democratic lawmakers’ agenda calls for more state spending.
Posted inBusiness, News, Politics
New year brings changes as Mainers begin to file tax returns
The standard deduction has roughly doubled, and those with dependent children and those who itemize deductions will see differences.
Posted inBusiness, Politics
House speaker proposes new tax to fund paid leave for Maine workers
Democrat Sara Gideon’s bill would go beyond a federal law requiring most employers to give unpaid leave, and she says that would help Maine build ‘a strong, vibrant workforce.’