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 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.
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.
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 […]
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 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 […]