Wes Moore, the Governor of Maryland, shares insights on the state’s tax brackets and disaster relief efforts. He discusses a $2 billion budget plan focusing on spending cuts and tax increases for high earners while aiming to modernize government functions. Moore emphasizes the importance of bipartisan cooperation in navigating tax reforms and highlights recent achievements in addressing disaster recovery, showcasing how federal aid supports local needs. This engaging conversation unveils his vision for Maryland's fiscal future.
Governor Wes Moore's budget strategy prioritizes tax reforms aimed at high earners while ensuring that 80 percent of Marylanders will benefit either through tax cuts or no increases.
Moore emphasizes the importance of bipartisanship and collaboration, highlighting past successes with 26 bipartisan bills to drive effective governance and economic growth.
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Maryland's Budget Strategies
Governor Wes Moore's budget plan includes $2 billion in spending cuts and tax increases targeting high earners, specifically those making over $500,000 a year. He points out that 80 percent of Marylanders will either see tax cuts or face no increase, which aims to modernize state governance and enhance efficiency. The governor’s approach involves a critical evaluation of programs to ensure they are effective and sustainable, which will also help curb unnecessary expenditures. By focusing on these aspects, Moore aims to stimulate economic growth while managing the state’s budget effectively.
Bipartisanship and Common Ground
Governor Moore expresses his commitment to working collaboratively with both state and federal administrations, emphasizing the importance of bipartisanship. He outlines his administration's prior successes in passing 26 bipartisan bills, indicating a willingness to engage across political lines. The governor believes that this cooperative spirit is crucial for driving progress and delivering meaningful results for Marylanders. He articulates a unified approach to challenges faced by the state, showcasing that collaborative governance can lead to substantial benefits for the economy and community safety.
Gov. Wes Moore of Maryland speaks on the state's tax brackets, disaster relief efforts to California and more. He speaks with Bloomberg's Joe Mathieu and Kailey Leinz