If an expanded state and local deduction for federal taxes is a casualty of the stalled Build Back Better bill, it won’t be a loss for most Mainers.
taxes
Posted inOp-eds, Opinion
Jim Fossel: Maine budget surplus presents an opportunity
The projected $800 million can be used ideally to simplify our tax system, or at least to bolster the rainy day fund and invest in infrastructure.
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Posted inElection 2022, Op-eds, Opinion
Commentary: Suspend the gas tax? It’s a short-sighted proposal from Democrats
The idea is appealing both politically and economically, but its supporters should be careful what they wish for.
Posted inOp-eds, Opinion
Maine Senate president: Why I back Jared Golden’s demand to change the Build Back Better Act
The congressman is leading the effort to roll back the SALT giveaway to the rich as the bill heads to the U.S. Senate, Troy Jackson says.
Posted inOp-eds, Opinion
Commentary: Maine Seed Capital Tax Credit is crucial to investment, state’s economic future
Criticism of the program in a recent editorial and on a liberal think tank‘s blog is misinformed and short-sighted.
Posted inBusiness, Nation & World, Politics
The Pandora Papers: Foreign money secretly floods U.S. tax havens. Some of it is tainted.
New Hampshire is among the states that passed legislation to allow creation of trusts that attract ultra-wealthy individuals.
Posted inNation & World, Politics
Trump sues New York Times and niece Mary Trump over tax records
The lawsuit alleges that Mary Trump and the New York Times participated in an “insidious plot” to obtain records about the former president’s finances.
Posted inOp-eds, Opinion
Commentary: Budget choice – kids or billionaires
The child tax credit expansion has been shown to be a success. Making this expansion permanent should be a no-brainer.
Posted inBusiness, Nation & World
Democrats seek tax hikes on corporations, the wealthy for $3.5 trillion plan
The tax hikes could bring about the most substantive changes in the tax code since Republicans with then-President Trump slashed taxes in 2017.
Posted inOp-eds, Opinion
Commentary: Americans who say they pay income taxes are probably lying
Even in normal times, nearly half of U.S. households pay nothing to the federal government. It may be time to institute a minimum rate.