Political and Legislative
Maryland Gov. Moore Proposes Tax Hike for Wealthy to Address $3B Deficit

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.
Read more at AP News.