Gov. Martin O’Malley is proposing capping income tax deductions and rolling back income tax exemptions for Maryland’s highest earners as part of his plan to close the $1 billion hole in the state’s $14 billion operating budget.
Gov. O’Malley Considers Tax Hikes as General Assembly Opens
Maryland’s 430th General Assembly session convened Wednesday, promising more than a few tough votes in the coming weeks as Gov. Martin O’Malley’s agenda may call for raising the state’s sales or gas taxes.