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House of Delegates passes budget package
ANNAPOLIS — The House of Delegates has approved a package of budget measures, including an income tax increase for people who make more than $100,000. The House also voted Friday to double the state’s “flush tax” on sewer bills from $30 a year to $60. The income tax increase would go up a quarter of […]
Budget work to occupy House much of the week
ANNAPOLIS — A package of budget measures will be keeping the House of Delegates busy this week. The House Ways and Means Committee is scheduled to consider a bill to raise income taxes on most Maryland taxpayers on Monday afternoon. The measure already has passed the state Senate, and the House is expected to consider […]
Obama seeks 28 percent corporate tax rate
WASHINGTON — President Barack Obama on Wednesday proposed a lower corporate tax rate and an end to dozens of loopholes he said helps U.S. companies move jobs and profits overseas. “It’s not right and it needs to change,” he said. The president wants to lower the U.S. corporate tax rate from 35 percent, the highest […]
Dow Jones industrial average rises above 12,000
NEW YORK — The Dow Jones industrial average broke through 12,000 for the first time in two and half years Wednesday but edged lower in afternoon trading. Investors were encouraged by President Barack Obama’s call to overhaul taxes on businesses and a jump in new home sales in December. The gains were held back by weak […]
Campaign finance group debates loopholes
Loopholes in Maryland’s campaign finance system allow candidates to circumvent restrictions on the amount of money they can receive, said members of a bipartisan panel tasked with recommending systemic changes. The 12-member task force, created by Attorney General Douglas F. Gansler, made no firm recommendations Thursday on whether or how these loopholes should be changed, […]
