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May 23, 2015

Some taxpayers celebrating; CareFirst subscribers blue

For some 55,000 Maryland taxpayers, it was a very good week. For some 1.1 million CareFirst health insurance subscribers, definitely not. The U.S. Supreme Court  Monday struck down Maryland’s law barring taxpayers from deducting from their local taxes any taxes they paid to other states on money earned there. It was a closely divided court, […]

Jun 9, 2014

Obama expands student-loan relief to pre-2007 borrowers

Dubbing it a "no-brainer," President Barack Obama expanded a program Monday capping monthly student loan payments for 5 million more borrowers at an unknown cost to taxpayers.

Dec 18, 2013

Shutdown delays tax filing season by 10 days

WASHINGTON — Taxpayers eager to get refunds will have to wait an extra 10 days to file their federal tax returns. The Internal Revenue Service said Wednesday the government shutdown has forced it to delay tax filing season until Jan. 31. It had been slated to start Jan. 21. The IRS says the 16-day shutdown […]

Jun 11, 2013

IG: Undervalued coal leases cost U.S. $62 million

BILLINGS, Mont. — A government report says leases on publicly owned coal are undervalued and have cost the U.S. $62 million in potential lost revenues. Tuesday’s report from the Department of Interior Inspector General recommends that the government take quick action to strengthen its coal sales program to prevent further losses. The report says undervaluing […]

Mar 14, 2013

Hilton deal costing taxpayers $2 million in 2013

The city’s top fiscal manager said Thursday that debt restructuring could be part of a new economic strategy for the city-owned Hilton Baltimore as hotel revenues continue to underperform.

Oct 31, 2012

IRS extends deadline for storm-hit taxpayers

WASHINGTON — The IRS is giving taxpayers and tax preparers hit by Hurricane Sandy an extra week to file returns and make payments. The tax agency says the relief will apply mainly to businesses in the storm-impacted Northeast and Mid-Atlantic states whose payroll and excise tax returns and payments are normally due on Wednesday. The […]

Jul 31, 2012

Gov’t bars Fannie-Freddie from reducing principal

WASHINGTON — A federal regulator is standing by its decision to bar Fannie Mae and Freddie Mac from reducing principal for borrowers at risk of foreclosure, resisting pressure from the Obama administration. The Federal Housing Finance Agency announced the decision Tuesday after months of considering the option. The agency’s acting director, Edward DeMarco, has long […]

May 24, 2012

Hilton’s $11.5M loss mostly from depreciation

While the city-owned Hilton Baltimore Convention Center Hotel lost $11.5 million last year, development officials stressed that the loss is not coming down to taxpayers. “The hotel to date… has not lost a single penny for the taxpayers of Baltimore City,” said M.J. “Jay” Brodie, president of the Baltimore Development Corp. The 757-room hotel, which […]

May 9, 2012

Freddie Mac naming ex-E*Trade head as new CEO

WASHINGTON — Mortgage giant Freddie Mac is naming the former head of E*Trade Financial Corp. as its new CEO. Donald Layton, 62, is expected to be named next Freddie’s chief executive as early as this week, a person with direct knowledge of the matter said Wednesday. The person spoke on condition of anonymity because that […]

Mar 30, 2012

House of Delegates passes offshore wind bill

ANNAPOLIS — The Maryland House of Delegates voted 88-47 on Friday for a scaled-back measure to help develop offshore wind off the coast of Ocean City in as soon as five years. Democratic Gov. Martin O’Malley is backing the legislation again this year after it failed last year over concerns about its costs. Supporters, who […]

Mar 21, 2012

Army drops plan for Fort Detrick animal biodefense lab

FREDERICK — The Army says it is dropping plans for a high-security animal laboratory at Fort Detrick in Frederick that would have been used for public and private research on some of the world’s deadliest pathogens. Officials at Fort Detrick said Wednesday that the demand for such a facility is less than anticipated. They say […]

Jan 25, 2012

Cap plan alarms Maryland real estate agents

ANNAPOLIS — Maryland real estate agents expressed alarm Wednesday at Gov. Martin O’Malley’s proposal to cap state income tax deductions for people who make more than $100,000, a change that would have a big impact on mortgage interest deductions. Patricia Terrill, president of the Maryland Association of Realtors, said the proposal was just about the […]

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