Maine Center for Economic Policy Releases Findings Related to Distributional Impacts of Governor LePage's Budget Proposal

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MECEP finds that Governor LePage's budget proposal includes an upside down tax plan that will lead to the following outcomes:
Taxes will go up on average for Maine families with income below $92,000. This represents the bottom 80% of Mainers who will see an average tax increase of approximately $85.
The top 1% of Mainers whose income exceeds $384,000 will receive an average tax cut of $22,665.

MECEP finds that Governor LePage's budget proposal includes an upside down tax plan that will lead to the following outcomes:

  • Taxes will go up on average for Maine families with income below $92,000. This represents the bottom 80% of Mainers who will see an average tax increase of approximately $85.
  • The top 1% of Mainers whose income exceeds $384,000 will receive an average tax cut of $22,665.

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