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Increased Income Taxes On Marylands Top 14% Awaits Governors Signature

May 17th, 2012 by WCBC Radio

The House of Delegates voted 77 to 60 this afternoon to increase income taxes on the top 14 percent of Marylanders, finishing up business left undone when lawmakers gridlocked at the end of the regular session in April. It still needs to be signed by Gov. Martin O'Malley, who introduced the legislation. The measure completes a spending package that will undo a so-called Doomsday budget that would have cut into Democratic priorities like education and health care. The tax increase will hit roughly 300,000 taxpayers — individuals who make more than $100,000 and joint filers who earn over $150,000.

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