Republican Lawmakers Unveiling Plan to Cut MD Personal Income Tax
Updated: Tuesday, February 18 2014, 07:15 PM EST
Republican lawmakers in Annapolis are unveiling a plan to cut Maryland's personal income tax. Their plan would reduce the income tax by 10% over the next three years.
GOP leaders say taxpayers need a break after enduring numerous tax hikes over the past seven years.
"We can't fix the regulatory problems in this state with one bill but we can go a long way in helping stimulate the Maryland economy by giving our families back money," Delegate Andrew Serafini said. "That's their money in the first place."
Meanwhile, Harford County Executive David Craig, a candidate for governor, has unveiled his own plan. If elected he wants to eventually eliminate the personal income tax altogether.