Moore, Maryland and budget deficit
Gov. Wes Moore enters the reelection cycle with a solid head start. His top donors include the Exelon CEO, Jerry Seinfeld’s wife and Anheuser-Busch.
None of these things are easy. All of them are necessary,” Maryland Gov. Wes aMoore said in a news conference unveiling his plan.
Maryland’s wealthiest earners would pay more in state taxes, while corporations and other workers would get a tax cut under a budget plan Gov. Wes Moore will introduce Wednesday — marking the first time the Democrat has thrown his political weight behind policies that could directly impact most Marylanders’ pocketbooks.
Without selling the tax increases that the governor unveiled in his $67 billion budget proposal on Wednesday, Moore faces making even deeper cuts to balance the state’s finances.
Gov. Wes Moore (D), who stumped across the country for Democratic candidates up and down the ballot in 2024, raised almost $4 million for his state campaign account over the past year — often when he was on out-of-town trips.
Gov. Wes Moore unveils $750M investment in economic growth, including $128.5M for targeted industries. Aims to create jobs and boost economic activity.
Maryland Gov. Wes Moore has included higher income tax rates for taxpayers who make more than $500,000 in his budget plan, as well as about $2 billion in budget cuts to address a $3 billion deficit.
Moore said the brunt of the tax increases will be shouldered by Marylanders with a household income north of $700,000 a year. In 2023, more than 18% of Maryland households were estimated to earn $200,
An overhaul of Maryland’s personal income taxes would give two-thirds of filers an average tax cut of about $173 while raising hundreds of millions of dollars more from those making more than $500,000 under a budget plan proposed Wednesday by Gov.
More than 60% of Marylanders surveyed approve of the job Gov. Wes Moore is doing in office, while they are strongly against raising taxes to improve the state's deficit, according to the latest Gonzales poll.
I will release my proposal to balance the state budget. For the third year in a row, we will not raise the sales tax or the property tax. Through