Now that Republican tax reform has passed, leaders in high tax blue states may be forced to adjust their spending and taxation in order to let residents enjoy the benefits of reform.
Larry Hogan, the Governor of Maryland is jumping on board.
The Baltimore Sun reports:
Gov. Larry Hogan says he will submit legislation to protect Maryland taxpayers from federal overhaul
Gov. Larry Hogan said Wednesday that he will seek to protect Maryland taxpayers from higher state tax bills caused by the federal tax overhaul President Donald J. Trump is expected to sign soon.
The Republican governor said he will submit legislation to the General Assembly next month to do that and called for unanimous legislative support of his proposals.
“Our goal will be to leave that money in the pockets of hard-working Marylanders,” Hogan said in an opening statement at a Board of Public Works meeting. “I am confident that our partners in the General Assembly who have expressed concern over the impact of this tax reform bill will support us unanimously in protecting Marylanders who could be negatively affected. Protecting taxpayers should be a bipartisan issue.”
Administration officials said that because so many Maryland tax rules are tied to the federal system, the federal tax overhaul could increase Maryland’s tax revenues by hundreds of millions of dollars a year. Hogan wants to make sure people’s state tax bills don’t go up because of the federal changes, aides said.
The governor called his idea “my holiday gift to the people of Maryland.”
He even used Trump’s expression. Good for him!