Advertisement
HomeCollectionsTax Issue
IN THE NEWS

Tax Issue

NEWS
By Andrea F. Siegel and Jessica Anderson, The Baltimore Sun | February 23, 2012
The Howard County Council is being asked to take a fresh look at an old - and much-debated - tax issue. A bill prefiled at the request of County Executive Ken Ulman seeks to end the two-tiered fire tax and replace it with a single countywide rate. Howard is the only Maryland county to have two tax rates to fund fire service, Ulman said, and most counties don't levy a separate tax for fire and rescue services, funding them through general revenues. The bill will be formally introduced to the County Council at a legislative session March 5, with a public hearing scheduled for March 19. Ulman said he hopes the measure will be adopted quickly so that it can be part of planning for the next fiscal year's budget.
Advertisement
NEWS
April 10, 2012
It wouldn't be right to call the calamitous end of the General Assembly session a failure. The word "failure" implies that those involved were trying to do the right thing and were for some reason unsuccessful. What happened Monday night, as the politics of an ill-considered gambling expansion bill tangled up a sensible compromise on taxes and the budget, was something quite different, a mixture of sabotage, negligence and too-cute-by-half gamesmanship. It reflects poorly on Maryland's leaders and belies the seriousness of the one real matter at hand: Who should be asked to pay more to maintain crucial state services, and how much?
NEWS
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."
NEWS
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.
NEWS
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.
NEWS
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.
NEWS
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.
BUSINESS
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.
NEWS
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.
FEATURES
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.
Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.