Options for Protecting Maryland’s Low- and Moderate-Income Families from Regressive Tax Increases

Publication Date: October 2007

Publisher: Center on Budget and Policy Priorities (Washington, D.C.)

Author(s): Nicholas Johnson; Jason A. Levitis

Research Area: Banking and finance; Economics

Keywords: Economic projections; Tax code; State budgets; Income diversity

Type: Report

Coverage: Maryland

Abstract:

Maryland faces large budget deficits in the coming fiscal year and for the foreseeable future. Putting the state on secure fiscal footing will almost certainly require significant tax increases. Many of the tax increases currently under consideration would impose a disproportionate cost on Maryland’s low- and moderate-income families. This paper describes four options for mitigating tax increases on-low families