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Tag Archives: tax hikes

Bernanke: Recession likely if Congress doesn’t act

WASHINGTON — Federal Reserve Chairman Ben Bernanke painted a dark picture of where the U.S. economy is headed if Congress fails to reach agreement soon to avert a budget crisis. “It would probably knock the recovery back into a recession ...

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O’Malley says consensus key to special session

ANNAPOLIS — Gov. Martin O’Malley said Tuesday he will call a special session of the General Assembly to avert about $512 million in budget cuts as soon as the House and Senate can reach consensus on how to pass a ...

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Franchot: Gas tax hike is ‘punch to the gut’

ANNAPOLIS – Maryland’s tax collector slammed Gov. Martin O’Malley’s plan to raise taxes on gasoline Tuesday, saying it would deal a “crushing blow” to families and businesses limping through the “flickering economic recovery.” “I’ve gone all over the state. I ...

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