House GOP Caucus To Discuss Budget
ANNAPOLIS, Md. (AP) — The Maryland House Republican Caucus has scheduled a news conference to discuss the possibility of taxes being considered in a special session.
The caucus plans to observe “Tax Day” by talking about cuts that are now part of the state’s budget, after the Democrat-controlled Legislature failed to pass a revenue package on the last day of the session to take the place of the cuts.
A compromise revenue plan that would have raised income taxes on people who make more than $100,000 became bogged down in negotiations before the session ended.
A panel of House and Senate negotiators reached a compromise with less than four hours remaining in the session, but the Legislature adjourned before passing the tax increases by midnight last Monday.
(Copyright 2012 by The Associated Press. All Rights Reserved.)