Increases to the gas tax, vehicle registration fees and the titling tax were among the options discussed to raise transportation revenues during a lengthy Senate Budget and Taxation Committee hearing Wednesday.
The panel is examining ways to increase funding by $800 million a year for road projects, an issue that's likely to be one of several budget-related priorities in the 2012 General Assembly session. The legislature will also try to take another bite out of Maryland's persistent $1 billion structural deficit.
Wednesday's meeting was the third in a series of interim hearings on potential tax increases to close various budget holes. Earlier this summer, the committee discussed the corporate tax structure and taxing goods sold on the Internet. Revenues from those increases would mainly benefit the state's $14 billion general fund.
4 comments:
VA & DE totally enjoy MD's working hard to close their budget loopholes - more money for them as smart people spend money elsewhere, 1st cigarettes, then booze, now they want to drive drivers across state lines. Shame they can't be bothered to stop wasting money and curtail wasteful spending.
Lower income tax and introduce consumption tax. Too many undeclared incomes not contributing to the system. Will raise money in an instant and not hurt those who already pay as their income tax reduction makes up for it. Or elimination.ate income tax all together and enact the fair tax.
Why is this even a consideration talk about hurting he economy even more.
No more taxes!!!!!
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