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Estate tax cut and the budget.

While the Governor announced his plan to balance the budget by lowering contributions to the state employee and teachers pension plan while not raising any taxes at all, other Annapolis leaders have floated ideas about lowering tax rates on the highest earners. Among these is Senate President Mike Miller and House Speaker Michael Busch's plan to lower the estate tax, a move that that, according to the Legislature's budget analyst Warren Dechaneaux, as reported by WYPR, would severely cut into state revenues by $80-90 million per year.

Baltimore Sun Op-Ed on Pension funding

Today's Baltimore Sun has a really good editorial on the Governor's plan to cut $100 million in state contributions to the pension. They aregue against O'Malley's plan, saying the cut amounts to a special tax on employee's and their retirement.

Read more at the Baltimore Sun.

2/5/14 Todd Reynolds, Political Action Coordinator