The Maryland Senate passed a final budget and over $300 million in tax hikes shortly after noon Wednesday. The House starts debate on the bill Tuesday afternoon. A video shot throughout the day on Monday shows the demonstrators opposed to the tax hikes and spending increases, and a rally by public employee unions supporting the bills.
Day: May 15, 2012
State Roundup, May 15, 2012
As expected, oodles of coverage as the General Assembly opens its special session on the budget and tax increases: Those tax increases – on high-income earners among others – are front and center, with some stories highlighting local situations including Frederick schools and Montgomery’s wealthy; also, there were lots of protests and protestations about the session and its purpose; and attempts to introduce legislation defending pit bulls was put down; meanwhile, a new law protecting the elderly from financial abuse will come on line; opponents of a liquor store with a Columbia Wegmans speak out; and U.S. Rep. John Sarbanes undertakes an experiment in campaign finance reform.
Tax hikes include $36M increase on business loans
The Maryland Senate is expected to give final approval today to a package of tax hikes that will raise more than $300 million a year.
But a little noticed provision will also raise $36 million in new taxes from companies that back mortgages on commercial development and homebuilding. Opponents say it will add to the cost of construction and harm Maryland’s business rankings.
Speaker Busch: ‘Only 16% of Marylanders are being asked to pay a little more’
In this podcast, House Speaker Michael Busch spoke to reporters about the budget and the cuts that would have to be made if tax increases don’t pass. “Only 16% of Marylanders are being asked to pay a little more.”
Recent Comments