Md. Senate OKs income tax hikes

Published May 15, 2012 4:00am ET



ANNAPOLIS – The Maryland Senate easily passed a series of tax increases and a plan to shift teacher pension costs to local jurisdictions Tuesday afternoon, sending a $35.5 billion budget plan to the House for a series of votes over the next two days.

Income taxes would rise for all Marylanders earning more than $100,000 a year, a move that would target nearly a quarter of Montgomery County taxpayers and 14 percent in the state.

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