Moore’s budget plan will tax Maryland’s highest earners to close deficits

Source: Leigh Vogel / Getty

Gov. Wes Moore is proposing an income tax hike on the wealthiest 18% of Marylanders — while offering modest tax relief to others — as part of his plans to close a nearly $3 billion gap in the state’s budget.

In his budget proposal unveiled Wednesday, Moore proposed a raft of changes in taxes as well as cuts in spending, marking the starting point of what could be intense negotiations with state lawmakers over the next three months, a key test for the Democratic governor.

Moore described his proposal as focused on making government more efficient and relying on those doing financially well in order to invest in programs that he believes will grow the economy and relieve future financial pressures on the state.

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