A $400 million Maryland tax cut may seem huge — but wouldn’t go very far – Washington Post
Maryland Gov. Larry Hogan, who vaulted to an upset victory in 2014 on a platform that promised tax cuts, is pushing for $400 million in tax and fee relief over the next five years.
It may sound big, but even Hogan (R) concedes it’s modest.
The governor is not offering his specific proposal until a formal announcement that is scheduled for Tuesday. But he said last week that the relief would benefit 1 million residents — a sixth of the state’s population — and 300,000 small-business owners.
“It’s hard to see how this is going to have much individual impact on hard-working folks who are not making very much,” said Benjamin Orr, executive director of the Maryland Center on Economic Policy.
