Maryland Senate panel advances tax relief bills for every income level

Cuts to corporate rate eyed to lure businesses

ANNAPOLIS — The Maryland General Assembly is advancing a set of tax-relief proposals for all income levels and to lure multistate businesses by cutting corporate income taxes.

The Senate Budget and Taxation Committee approved the bills Thursday to expand the Earned Income Tax Credit for poor families, as well as mild tax relief for middle- and high-income earners. The proposals emerged from the Augustine Commission, a workgroup organized by Democratic leaders to ascertain how best to improve the economic climate.

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