Maryland lawmakers grappling with multibillion-dollar budget shortfalls are weighing proposals to tax the rich.
Levying a “millionaire’s tax,” targeting capital gains income from stock market earnings and broadening the estate tax are among many varied ideas under consideration to raise money for transportation and education, according to several leading Democratic lawmakers.
“Everything is broadly on the table,” said Senate Budget and Taxation Committee Chair Guy Guzzone (D-Howard).
“I don’t think anything’s off the table,” said House Ways and Means Committee Chair Vanessa Atterbeary (D-Howard). “This is the session to do something if we’re going to do it,” she said of the impending General Assembly session in January. “You know, some folks say, ‘wait till next session.’ I say rip the Band-Aid off, and let’s just solve the problem.”
Click here to read the rest of the article written by Jack Hogan over at The Washington Post
