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Tax Issue

By Jack W. Germondand Jules Witcover | October 28, 1990
Birmingham, Ala.-- One morning the Birmingham newspapers carried a front-page story about Paul Hubbert, the Democratic candidate for governor, assailing President Bush on the tax issue.Then the next day there was Mr. Hubbert after Mr. Bush again, this time questioning the president's policy in the Persian Gulf. "I think at this point he owes the American people some explanation as to how long we are going to be there and what his long-term plans are, what his intermediate plans are," said Mr. Hubbert.
By Karen Hosler and Karen Hosler,Washington Bureau of The Sun | October 10, 1990
WASHINGTON -- President Bush said yesterday he may agree to raise income tax rates for the wealthiest Americans in exchange for more favorable treatment on capital gains, signaling a willingness to go beyond what his negotiators have proposed in budget talks."
By Thomas W. Waldron and Thomas W. Waldron,SUN STAFF Sun staff writers Michael Dresser and William F. Zorzi Jr. contributed to this article | February 23, 1997
With the General Assembly's 90-day session more than halfway completed, lawmakers have found little common ground the session's No. 1 issue -- whether or how to cut state income taxes.The governor is pushing one tax plan, the House speaker another, while senators ponder a third, giving the Assembly about as much unity as a group of preschoolers playing with three sets of Tinker Toys.Indeed, on several major issues -- ranging from education aid for Baltimore to casino-style gambling -- the legislature seems sharply divided, and some lawmakers say they cannot recall a session in which the midpoint prospects of major proposals were murkier.
By Thomas W. Waldron and Thomas W. Waldron,SUN STAFF | January 10, 1999
The General Assembly returns to Annapolis Wednesday for its annual 90-day session to deal with the politically charged proposition that one or more Maryland taxes should be raised -- even as the state enjoys a huge budget surplus.Gov. Parris N. Glendening and some legislators say the state needs two major tax increases -- one in the gasoline tax to pay for road and transit projects, and another in the levy on cigarettes to discourage teen smoking.But while the Democrat-controlled Assembly debates tax increases, Republicans will push in the opposite direction.
June 3, 2012
This Wednesday's planned opening of the half-billion-dollar Maryland Live! Casino at Arundel Mills marks a red-letter day in Maryland gaming history. The scale of the enormous, 330,000-square-foot facility is stunning: It will eventually house 4,750 slot machines (far more than any other Maryland facility) in addition to restaurants and entertainment. No doubt the opening will be a particularly satisfying moment for developer David Cordish and others at the Cordish Cos.who overcame a considerable number of obstacles, not least a 2010 voter referendum.
March 24, 1992
For a legislative body that has spent six months weighing a myriad of ways to erase the state's $1.2 billion deficit, the General Assembly is having one heck of a time coming up with an answer to the tax and spending-cut question. About the only thing that seems clear at this stage is that one way or another, Marylanders will be paying more out of their pockets to underwrite the cost of state and local government services.That is unavoidable. The alternative, as Del. James Rosapepe of Prince George's County put it, is to make deep cuts in local school spending, police protection and health programs.
By Janet Kidd Stewart and Janet Kidd Stewart,Tribune Media Services | June 15, 2008
Retirement savers have been plowing money into foreign stocks, but experts say many are failing to consider taxes and how the investments fit within their overall plan. Foreign stock mutual funds accounted for $722 billion in workplace retirement accounts, including 401(k) plans, and in individual retirement accounts last year, says the Investment Company Institute, a mutual fund trade group, a more than 80 percent increase in just two years. As investors pile on, however, many fail to realize their foreign dividends are subject to tax, even though their money is sitting in tax-deferred retirement accounts.
By C. Fraser Smith | December 17, 2006
Maryland's brand-new General Assembly convenes soon to address an old problem. Several old problems, actually. You could think of them as chickens coming home to roost. Chicken No. 1: The state's tax structure doesn't match up well with the modern service economy. It dates to a time when manufacturing dominated. So even when the economy is doing well, the state's tax revenue stream doesn't flow as freely as it might. And, with billion-dollar deficits in prospect next year, more revenue is needed.
By Steve McKerrow | October 30, 1990
A television thought for today:"The art of taxation consists in so plucking the goose as to obtain the largest amount of feathers with the least possible amount of hissing."That's the sarcastic sentiment which H.L. Mencken once attributed to 17th century French statesman Jean Baptiste Colbert, but why is it as appropriate today as in the 1600s? Because local taxpayers are hissing.Although it has not been a particularly arousing off-year election season in Maryland, WMAR-Channel 2 tonight taps an issue which seems to have transcended the general apathy: disenchantment with taxes.
January 18, 2012
It seems in Maryland politics, there are occasional issues that linger beyond their usefulness. Back when I was a kid, well into my teens and possibly even later than that, Maryland was the only state that didn't require dump trucks to cover their loads. It's a basic safety issue. When a truck hauling loose materials like gravel, or sand or salt or whatever is cruising along a roadway at 35 to 55 mph, there's a possibility of spillage. This can be substantially reduced by covering a dump truck full of whatever with a heavy tarp.
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