Maine Center for Economic Policy Releases Findings Related to Distributional Impacts of Governor LePage’s Budget Proposal
ITEP Work in Action
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.