Prepare to see the safety net yanked as the Fed scrambles to pay for tax cuts.
taxes
Posted inLocal & State, News, Politics
Pressure remains on Sen. Collins as vote on Republican tax bill looms next week
Maine’s senior senator applauds the inclusion of three amendments she authored as the final version of the bill is released Friday.
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Posted inEditorials, Opinion
Another View: Column offers too rosy a view on our future after the tax bill
George Will pretends that we don’t know what will happen when tax revenue drops and deficits rise.
Posted inBusiness, Nation & World, Politics
Tax reform bills treat disaster victims differently – some get help, some don’t
The House bill excludes wildfire tax relief and the Senate plan omits small losses. Blame it on politics.
Posted inOp-Eds, Opinion
MaineHousing director: Tax bill will make our state’s affordable-housing crisis even worse
If private activity bonds lose their tax-exempt status, thousands of badly needed units won’t be constructed.
Posted inBusiness, Nation & World
European Union blacklists 17 countries as tax havens
Pressure is on for small countries to stop allowing the wealthy to stash money in shell companies.
Posted inLocal & State, News, Politics
Sen. Collins criticizes some provisions of Republican tax reform bill
Maine’s senior senator has strong reservations about repealing the ACA’s individual mandate, as well as making corporate tax cuts permanent while those for middle-class families would end after nine years.
Posted inLocal & State, News, Politics
Constituents voice concerns over federal tax reforms at session with Rep. Pingree
The 1st District Democrat, who says she’ll vote against the Republican plan, convenes a group in Portland that points to ways in which the proposal could harm middle class Mainers.
Posted inBusiness
Mortgage interest or local tax? Deduction tradeoff discussed
Republicans from high-tax states are offered an either-or proposal to coax them to support Trump’s tax plan.
Posted inBusiness, Nation & World, Politics
The push is on to sell skeptical Americans on the value of corporate tax cuts
A campaign takes the argument to voters that Trump’s reform plan would unleash an economic bonanza.