Maryland Senate President Thomas V. “Mike” Miller Jr. and Speaker Michael Busch, both Democrats, on Tuesday in Annapolis laid out three points to offset changes in the recently passed Republican federal tax bill.
All seven major gubernatorial candidates are taking a stance on one of Maryland’s hot-button issues: taxes. They propose adjustments or cuts to both corporate and personal income taxes, and two GOP candidates favor eliminating personal income taxes altogether
The Maryland House of Delegates overwhelmingly passes bipartisan legislation to raise the state’s estate tax threshold.
Opponents of the measure told lawmakers that the bipartisan proposal amounted to a tax break for Maryland’s wealthiest citizens.
Senate and House committees are weighing bipartisan legislation that could lower state income and sales tax rates, and raise the estate tax exemption threshold.