Pressure is mounting on Maryland Gov. Martin O’Malley and the General Assembly to raise taxes on the rich as lawmakers prepare to close a budget shortfall of at least $1 billion for the fourth straight year.
Joining the national call for wealthy Americans to pay more in taxes, union members are urging Maryland lawmakers to help plug the state’s $1.1 billion budget shortfall in fiscal 2013 by reinstating the so-called millionaire’s tax, a surcharge that O’Malley initiated in 2008 on the state’s wealthiest residents.
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