Taxes

Van Hollen, Beyer propose surtax on millionaires

WASHINGTON – The richest 1% of Americans control more wealth than the entire middle class combined, according to the Brookings Institution – a striking sign of income inequality that has accelerated since the Great Recession. A bill introduced last week…

Democrats seek billions of dollars with small Wall Street tax

Congressional Democrats have proposed legislation to establish a tax on Wall Street transactions that would generate billions of dollars in revenue.  

The Washington Bullpen, Episode 6

WASHINGTON – On this week’s episode of the “Washington Bullpen” podcast, host Jarod Golub talks about the outbreak of acute flaccid myelitis that’s been the focus of the Centers for Disease Control and Prevention, the New York Times report on Jared…

Federal tax cuts prompting Maryland tax code revision

Without changes in state law, Maryland taxpayers will pay upward of $572 million more in state and local taxes in the 2019 fiscal year, while their combined federal tax burden would decrease by $2.8 billion, state officials said.
Republican Gov. Larry Hogan released a plan Thursday to mitigate the negative effects to Marylanders. Democratic leadership in both chambers of Maryland’s General Assembly have said they will follow suit.

Dems put tax relief atop Maryland legislative priorities

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.

Van Hollen fights to preserve state and local tax deductions

WASHINGTON – As Congress tries to overhaul the nation’s tax laws, some Republicans want to reduce or eliminate state and local tax deductions. But Sen. Chris Van Hollen, D-Maryland, said doing so would only hurt the middle class, including in…

Ready, set, file! Tax Day is April 18

Tax Day is April 18 – three days later than usual. Have you filed yet?

MD Comptroller, Attorney General charge four with tax fraud

Maryland’s Attorney General Brian Frosh and state Comptroller Peter Franchot announced Thursday that four people have been charged with tax fraud after allegedly stealing tens of thousands of dollars from the state of Maryland.

Maryland Comptroller hosts taxpayer security summit to address tax fraud

Maryland comptroller Peter Franchot, certified public accountants, and other state officials, gathered at the University of Baltimore to discuss tax fraud. They addressed discrepancies in tax refunds, how to better detect fraudulent filing, and how taxpayers can protect themselves against identity theft.

Trump tax plan may be a mixed bag for Maryland

WASHINGTON – A majority of Marylanders weren’t particularly keen about the prospect of a Donald Trump presidency. Democratic nominee Hillary Clinton carried the Old Line State by roughly 624,000 votes on Nov. 8, good for a comfortable 25-point win. RELATED…