Outrageous Bills Passed

I want to share a post I made last week on social media.

The Comptroller released an analysis from the Bureau of Revenue Estimates (BRE) detailing the income tax changes proposed in Governor Moore’s 2026 budget plan. https://marylandtaxes.gov/reports/static-files/BRE-BRFA-Proposal-Analysis.pdf

It is important to understand that this is only about income taxes. The governor's budget proposal has 18 different taxes and fee increases. The Governor is promoting his plan as a tax cut, but an analysis by the Comptroller tells a different story. Let’s break it down using the chart on page 10 of the report.

First, the blue section shows that middle-class earners between $75,000 and $200,000 will face an additional $106 million in taxes. How can the Governor call this a middle-class tax cut when it imposes such a significant increase on the very group it claims to benefit?

Second, while the plan provides $304 million in tax cuts, these cuts are almost entirely funded ($293m) by those earning less than $200,000 annually.

While the Governor states that only 18% of taxpayers will face a tax increase, it’s crucial to highlight that 71% of those affected earn less than $200,000 annually.

I understand some politically motivated groups dislike it when I simplify complex topics for better readability. However, I firmly believe that sharing clear, accessible information is the most effective way to shape public opinion. The data, after all, speaks for itself and deserves to be shared openly. It is evident from the Comptroller's chart that if you are a family that itemizes their deductions, you might be paying a lot more regardless of your income level.

Do you like this post?