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Gov. Wes Moore is about to pitch tax cuts and increases for the first time. Here’s what we know.
Maryland’s wealthiest earners would pay more in state taxes, while corporations and other workers would get a tax cut under a budget plan Gov. Wes Moore will introduce Wednesday — marking the first time the Democrat has thrown his political weight behind policies that could directly impact most Marylanders’ pocketbooks.
Gov. Wes Moore reveals plan for budget cuts, tax changes in Maryland
Moore has said the state will face difficult choices in handling its worst financial crisis in 20 years, leading to shortfalls that could reach nearly $6 billion by 2030.
Tax cuts, increases part of Moore’s ‘growth agenda’
Gov. Wes Moore Wednesday proposed a budget he said will promote long-term economic growth and provide tax cuts to many, but it will be balanced on tax increases on high-income earners in the state.
Moore’s budget: Tax overhaul includes cuts and increases for Marylanders
An overhaul of Maryland’s personal income taxes would give two-thirds of filers an average tax cut of about $173 while raising hundreds of millions of dollars more from those making more than
Gov. Moore proposes tax cuts for some Marylanders, hikes for highest earners
Governor Wes Moore says 82% of Marylanders will see a cut or no change in their taxes, while the richest 18% will see increases. He did not say how much that increase will be.
Moore announces tax increases for the wealthy to close budget gap
Moore has also pledged making $2 billion in cuts to help close a $3 billion budget gap, targeting some spending on climate initiatives and government inefficiency.
66% of Marylanders would see tax cuts under Gov. Moore's proposed 2026 budget
Moore talked about his proposed 2026 budget, how the state plans to trim its $2.7 billion deficit, and major tax cuts during a one-on-one interview with WJZ's.
Moore balances budget with tax increases, education and healthcare expense cuts
One of Moore's four key pillars is revising the state's tax plan. "This tax system makes no sense in the state of Maryland," said Moore. Under the new plan, the majority of Marylanders, 82% of them, will see cuts or no change. The top 18% will see tax increases.
Gov. Moore stops short of guaranteeing no new taxes ahead of budget cuts
Gov. Wes Moore promised his budget will have $2 billion in cuts, while the General Assembly will work to close the remaining $1 billion of the deficit.
19h
on MSN
Maryland Gov. Moore includes income tax increases for wealthy residents to help address $3B deficit
Maryland Gov. Wes Moore has included higher income tax rates for taxpayers who make more than $500,000 in his budget plan, as ...
23h
on MSN
Gov. Wes Moore pushing new vehicle fees, increases to reverse some transportation cuts
Gov. Wes Moore’s administration will introduce a series of vehicle-related fees, including a new 75-cent fee on online retail ...
Capital Gazette
17h
Wes Moore outlines changes to Blueprint, cuts to public universities amid funding crisis
Gov. Wes Moore announced his proposed budget for FY 2026 Wednesday, where he and his budget secretary explained how the state ...
11h
'A good speech from a great man': Gov. Wes Moore on Pres. Biden's legacy, farewell address
President Biden delivered his farewell address to the American people tonight. Maryland Governor Wes Moore joins The Eleventh ...
1d
on MSN
Wes Moore committed to rebuilding the state government workforce. Can he do that amid Maryland’s fiscal crisis?
At the start of his administration, Moore issued a goal to rebuild the state government workforce, which shriveled under ...
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