Maryland Gov. Wes Moore speaks, Tuesday, Oct. 29, 2024, at the Dundalk Marine Terminal in Baltimore. (AP Photo/Daniel Kucin Jr.)(AP/Daniel Kucin Jr.) 
Maryland Gov. Wes Moore speaks, Tuesday, Oct. 29, 2024, at the Dundalk Marine Terminal in Baltimore. (AP Photo/Daniel Kucin Jr.)(AP/Daniel Kucin Jr.) ANNAPOLIS, Md. (AP) — Maryland Gov. Wes Moore released a budget plan Wednesday that includes higher income tax rates for taxpayers who make more tha…

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Maryland Gov. Moore includes income tax increases for wealthy residents to help address $3B deficit

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The Washington Post

Jeff Bezos

Moore announces tax increases for the wealthy to close budget gap

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&#039;s Tara Lynch.

CBS News

National Amusements

Michael Redstone

66% of Marylanders would see tax cuts under Gov. Moore's proposed 2026 budget

Hubbard Broadcasting

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. Moore teased the plan Tuesday but offered few details ahead of the formal announcement, the opening salvo for almost three mont…

The Baltimore Sun

Sinclair Broadcast Group

Baltimore

Maryland

Gov. Wes Moore is about to pitch tax cuts and increases for the first time. Here’s what we know.

Maryland Gov. Wes Moore released a budget plan Wednesday that includes higher income tax rates for taxpayers who make more than $500,000, as well as about $2 billion in spending reductions throughout state government to address a $3 billion deficit. The Democratic governor’s proposal would create a new 6.25% tax rate for people who make more than $500,000 and a 6.5% rate for taxpayers who make more than $1 million. Under the plan, which requires…

NBC Washington

Roberts family

HM Capital Partners

Maryland Governor Wes Moore presented Wednesday a budget plan that includes higher income tax rates for taxpayers earning more than $500,000, as well as about $2 billion in spending cuts across the state government to address a $3 billion deficit. The Democratic Governor’s proposal would create a new 6.25 percent tax rate for people earning more than $500,000 and a 6.5 percent rate for taxpayers earning more than $1 million.

El gobernador de Maryland, Wes Moore, presentó el miércoles un plan presupuestario que incluye tasas de impuestos a la renta más altas para los contribuyentes que ganan más de 500.000 dólares, así como unos 2.000 millones de dólares en reducciones de gastos en todo el gobierno estatal para abordar un déficit de 3.000 millones de dólares.   La propuesta del gobernador demócrata crearía una nueva tasa impositiva del 6,25% para las personas que gan…

Moore, incluye aumentos del impuesto a la renta para los residentes ricos

The Washington Hispanic

Johnny Yataco

Moore, includes income tax increases for wealthy residents

Maryland is facing a budget crisis and Gov. Wes Moore has said the state is going to have to slash spending and increase revenue to fix it.

Fox5 DC

Murdoch family

Gov. Wes Moore announces $2B in cuts, tax hikes as Maryland faces budget deficit

Gov. Wes Moore proposes tax hikes for Maryland's highest earners and budget cuts to address fiscal challenges and reduce the state's deficit.

Afro

Gov. Moore’s proposed budget features tax reform and massive cuts

Nearly two-thirds of Marylanders could see their tax bills go down under Gov. Wes Moore’s new budget proposal, a top-line number that the Democrat is touting in a difficult financial year as he proposes asking the state’s wealthiest to pay more.

The Baltimore Banner

How would the tax cuts — and hikes — in Gov. Moore’s budget work?

TO CLOSE BUDGET GAP, MOORE PROPOSES TAKE HIKE FOR STATE’s WEALTHIEST: Gov. Wes Moore (D) on Tuesday announced a plan to raise income tax rates for the state’s wealthiest residents, money that would help close a looming $3 billion budget deficit and fund public taxpayer investment in private industries meant to strengthen the state’s economy. Katie Shepherd, Katie Mettler and Erin Cox/The Washington Post. 
Moore said his budget proposal would inc…

Maryland Gov. Moore includes income tax increases for wealthy residents to help address $3B deficit

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