Maine’s congressional delegation should push to eliminate loopholes that allow this industry to dodge paying its fair share.
taxes
Posted inOp-Eds, Opinion
Jim Fossel: Democrats in charge in Maine legislative session’s final weeks
The big policy debates over taxes and spending are between progressives and moderates within the Democratic Party.
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Posted inBusiness, Local & State, News, Politics
Divided tax committee endorses surcharge bill for high-wage earners in Maine
The Legislature’s Taxation Committee voted 6-5 Tuesday to advance a bill that would tack a 3% surcharge on taxable income over $200,000.
Posted inOp-Eds, Opinion
Jim Fossel: Conservatives should think globally, act locally
The easiest place to stop wasteful government spending is at the municipal level.
Posted inOp-Eds, Opinion
Sen. Stewart: With state surpluses predicted through 2024, raising taxes is a bad idea
We need another way to shift money from government accounts to people’s pockets, not vice versa.
Posted inBusiness, Local & State, News
More than 160,000 Mainers in line for jobless-benefit tax break
Tens of thousands of people who received unemployment payments last year could get a state income tax exemption up to $10,200.
Posted inBusiness, Nation & World, News, Politics
Biden open to compromise, but not inaction, on infrastructure plan
Sen. Joe Manchin of West Virginia, a key Democratic vote, came out Wednesday against the budget reconciliation process, which would allow Democrats to push the bill through the Senate with just a 51-vote majority.
Posted inBusiness, Local & State
Maine extends state income tax deadline to May 17
The change aligns with the federal government’s extension of the federal income tax filing and payment deadline.
Posted inBusiness, Nation & World
IRS extends tax filing deadline to May 17
The move provides more breathing room for taxpayers and the Internal Revenue Service alike to cope with changes brought on by the pandemic.
Posted inBusiness, Local & State
As tax deadlines approach, Maine accountants calculate uncertainties
State and federal guidelines concerning treatment of forgiven pandemic relief loans and unemployment income still need clarification, prompting tax preparers to delay filing.