Comptroller Peter Franchot says any increase in the gas tax will have “a direct negative impact on Maryland’s very feeble economy.” In this video he talks about his relations with Gov. Martin O’Malley and what has turned him into a fiscal conservative.
Read MoreCalling any gas tax increase a “crushing blow” to families and a “shot to the gut” of businesses, Comptroller Peter Franchot declared his opposition to Gov. Martin O’Malley’s proposal to start charging the 6% sales tax on gas.
Read MoreAbout 450,000 Maryland households that earn more than $100,000 per year will see their state and local income taxes go up next year if the legislature approves Gov. Martin O’Malley’s budget proposal. In order to balance an overall $35.8 billion state budget – a 3% increase over last year – O’Malley is asking to cap tax deductions and phase out exemptions for high earners. O’Malley said the average family of four making $150,000 a year would pay $191 more in state and local income taxes.
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