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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’ (access required)

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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Debt, elections prod GOP to ease anti-tax stance

WASHINGTON — The GOP’s image as a rigidly anti-tax party is softening. Spurred by federal debt worries in Congress, the shift conceivably could reshape the Republican Party’s brand ahead of the 2012 elections, forcing tough decisions by its presidential candidates. ...

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