Bipartisan support exists for a 2019 basic income proposal that would supplement the safety net for Mainers in need.
income inequality
Posted inBusiness, Nation / World
Some billionaires vent over Biden plan imposing income tax on richest
ProPublica reported in June that some of the richest Americans have paid no income tax, or nearly none, in some years — including Elon Musk, who paid zero income taxes in 2018.
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Posted inMaine, News, Schools & Education
For Maine families with means, pandemic pods lessen the stress of back-to-school
Desperate for child care or help with remote learning, some families are hiring teachers or tutors for the fall. But pods also raise concerns about equity and lack of access to support for low-income and vulnerable families.
Posted inBusiness, Nation / World, News
Americans now need at least $500,000 a year to enter top 1%
The income needed to exit the bottom 99% of U.S. taxpayers hit $515,371 in 2017, according to Internal Revenue Service data.
Posted inBusiness, Maine
Liberal think tank says Maine has reached ‘tax fairness’ milestone
The poorest residents will pay a smaller percentage of their income in taxes than the wealthiest, the Maine Center for Economic Policy says.
Posted inBusiness, Maine, News, Politics
Gov. Mills signs pay equality bill
The state’s first female governor signed the legislation Friday afternoon to improve pay equality in Maine.
Posted inBusiness, Maine, News, Politics
Democrat’s bill offers incentive for developers to build affordable housing
The legislation’s sponsor acknowledges that even the $80 million effort won’t meet the state’s ‘immense need.’
Posted inBusiness, Nation / World, News
Jerome Powell: U.S. economy remains solid, but rural towns aren’t feeling the effects
The Fed chairman stresses that poorer communities need extra tools to bolster businesses and talent.
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 inBusiness, News
The richest Americans are getting richer – and younger
The average age of U.S. investors with $25 million or more has dropped by 11 years since 2014, to age 47.