Maryland revenue solutions in doubt after hearings on $1.6B plan to tax the rich, corporations in General Assembly

A sweeping proposal to increase taxes on Maryland’s highest earners and corporations received a lukewarm response from lawmakers in back-to-back days of hearings this week — exposing the continuing divide in Annapolis over how to solve the state’s looming financial problems. Proponents of the legislation, known as the Fair Share for Maryland Act, say it would raise $1.6 billion at a time when officials are warning of future budget deficits while also promising to complete ambitious policy goals.