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Primary wins edge anti-smoking group closer to tax increase
An anti-smoking group says victories in Maryland's primary election have improved the odds that an increase in the tobacco tax will become a reality in 2015.
House GOP: Gas tax plan would raise prices 87 percent in five years
House of Delegates Republicans said Wednesday that a Democratic plan to increase Maryland's tax on gasoline would turn into the largest tax hike in history of the state.
Eye Opener: Congress approves ‘fiscal cliff’ deal
The U.S. House of Representatives late on New Year's Day approved a Senate plan to avoid the worst effects of the "fiscal cliff," a potentially devastating package of tax increases and spending cuts that would have struck Maryland particularly hard.
Senate panel hears transportation revenue options
ANNAPOLIS — The chairman of the Senate Budget and Taxation Committee says it will be very difficult to address a $1 billion budget deficit and raise substantial revenue for rising transportation needs, unless Gov. Martin O’Malley includes revenue increases in his budget proposal in January. Sen. Edward Kasemeyer, D-Baltimore County, talked about the prospects of […]
Treasury confirms deadline for raising debt limit
WASHINGTON — The Treasury Department says Congress has one month to raise the nation’s borrowing limit or the government will default on its debt. Treasury officials are confirming the Aug. 2 deadline in a monthly update that assesses the nation’s borrowing situation. The United States reached the $14.3 trillion limit in May. Higher revenue and […]
Maryland’s budget woes will dominate 2011 legislative session
Maryland’s budget woes will dominate the 2011 legislative session as lawmakers seek to bridge a $1.6 billion deficit without the federal safety net that eased the state’s fiscal pain in recent years. Gov. Martin O’Malley has vowed to avoid tax increases in his budget proposal due Jan. 21 and legislative leaders say they agree with […]
