Skip to comments.Budget compromise near, Md. legislators say
Posted on 04/14/2012 1:13:28 AM PDT by Tolerance Sucks Rocks
Maryland Gov. Martin O'Malley said Thursday he wants to call a special session for lawmakers to raise taxes and reverse $500 million in planned budget cuts but is waiting on House and Senate leaders to meet beforehand and work out a unified plan.
During a day in which he conducted several radio and television interviews, the Democratic governor said he would call legislators back to Annapolis a half-hour from now but needs assurances that a special session will not include the bickering and gamesmanship that caused a revenue package to fall through Monday on the General Assemblys last day, triggering $512 million in cuts to education, local police aid and state agency spending.
House and Senate Democrats said Thursday they are not far apart and are ready to embrace a compromise negotiators worked out Monday night but ran out of time to pass before adjournment.
We were at a point where conference committees had met and made decisions, said House Appropriations Committee Chairman Norman H. Conway, Wicomico Democrat. I would think that would give us a reasonable starting point, and we shouldnt be far off.
In a special session, legislators could move quickly to approve a plan similar to the late compromise, which would have raised income taxes and reduced the value of personal exemptions for single taxpayers earning more than $100,000 a year and couples earning more than $150,000.
It also would have started a four-year process during which the state gradually would shift half of teacher-pension costs to counties.
Still, questions remain over the scope of a potential special session and whether legislators could take on additional issues such as gambling and other revenue proposals.
(Excerpt) Read more at washingtontimes.com ...
Maryland “Freak State” PING!
Why doesn’t he look in his bank account and others to see where the money is going? If this passes, it’s more money laundering.
“In a special session, legislators could move quickly to approve a plan similar to the late compromise, which would have raised income taxes and reduced the value of personal exemptions for single taxpayers earning more than $100,000 a year and couples earning more than $150,000”
Seems like they’re forgetting a zero on the millionaires’ tax. No surprise because they would never get a dime in net revenue by just going after the 1%. They have to reach into the middle class, and it looks like they’re reaching fair deep.