Maryland’s wealthiest earners would pay more in state taxes, while corporations and other workers would get a tax cut under a budget plan Gov. Wes Moore will introduce Wednesday — marking the first time the Democrat has thrown his political weight behind policies that could directly impact most Marylanders’ pocketbooks.

ANNAPOLIS, Md. (7News) — Maryland Governor Wes Moore released details of his $67.3 billion budget on Wednesday. It relies on $2 billion in cuts to state Government as well as nearly $1 billion in tax increases to close a nearly $3 billion budget deficit.

First lady Jill Biden expressed her disappointment with former House Speaker Nancy Pelosi in a new interview with The Washington Post, providing rare public comments about the fractured relationship between her husband, Joe Biden, and Pelosi following the president’s departure from the 2024 race.

Moore has said the state will face difficult choices in handling its worst financial crisis in 20 years, leading to shortfalls that could reach nearly $6 billion by 2030.

Maryland Gov. Wes Moore is about to face his most formidable challenge yet, one that has deep implications for the rest of his term and beyond.

Most Marylanders could get a small tax relief if Gov. Wes Moore's proposed fiscal year 2026 budget is passed by the General Assembly.

Maryland economist shares how proposed tax cuts will impact residents

The Maryland Freedom Caucus has issued a strong rebuke of Governor Wes Moore’s latest budget proposal, accusing it of imposing additional financial burdens on Maryland residents while presenting itself as a reform.

Maryland Gov. Wes Moore introduced his $67.3 billion operating budget proposal for 2026 that he said is based on growing the economy to provide a path to work, wages and wealth. Moore said the state faces a fiscal crisis nearly a decade in the making based on increased spending amid a downturn in the economy and that his budget plan contains spending cuts and a tax code overhaul.