TITLE

Maryland Governor: No Tax Hikes Despite Nixing of Slots

AUTHOR(S)
Newman, Emily
PUB. DATE
April 2003
SOURCE
Bond Buyer;4/7/2003, Vol. 344 Issue 31609, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Maryland Governor Robert L. Ehrlich Jr. has decided to reject tax increases as an alternative revenue source shortly after his proposal to install 11,500 slot machines at racetracks throughout the state was rejected. The House budget plan has proposed other revenue sources as substitutes for the governor's plan, including the closure of some corporate tax loopholes, a 2 percent tax increase on premiums paid to HMOs, and more than 200 million dollars in additional business taxes and fees. Since Ehrlich is opposed to increase in taxes and has pledged to veto any package containing them, the House has drawn up an alternative budget featuring deep cuts to serve as a backup.
ACCESSION #
9549527

 

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