Will Maryland do another tax hike in 2013?

After voting this week to raise income tax rates on the state’s highest earners, Maryland lawmakers aren’t ruling out more tax increases next year. The General Assembly passed legislation that will raise taxes on the top 14 percent of earners in an effort to balance the state’s $35.5 billion budget and cut half of Maryland’s $1 billion structural deficit, which measures expected revenue shortfalls in the future. Lawmakers could look to eliminate the remaining $500 million deficit over the next year by methods such as expanding gambling in the state, cutting spending or passing a long-debated tax increase to fund...

continue reading

Buddhist monks caught gambling, smoking and drinking at party

Six leaders from South Korea's biggest Buddhist order have quit after secret video footage showed some supposedly serene monks raising hell, playing high-stakes poker, drinking and smoking.The scandal erupted just days before Koreans observe a national holiday to celebrate the birth of Buddha, the holiest day of the religion's calendar. The head of the Jogye order, which has some 10 million followers, or about a fifth of the population, made a public apology on Friday, vowing "self-repentance". South Korean TV networks aired shots of monks playing poker, some smoking and drinking, after gathering at a luxury lakeside hotel in late...

continue reading

Maryland GOP gives voters the last word

When Marylanders go to the polls in November, the most interesting races might not involve political candidates. The state’s voters will elect eight members of the U.S. House of Representatives and one U.S. senator, and will help choose a president, but an unprecedented slate of ballot initiatives is expected to set the state’s course on social issues, including same-sex marriage and illegal immigration, and potentially on gambling and congressional redistricting. This will be the first time in 20 years that a voter-petitioned referendum makes the state’s ballot, and as many as three could appear. All were initiated by Republicans who...

continue reading

Progress made on Maryland revenue package

ANNAPOLIS — The General Assembly likely will return May 14 for a two- or three-day special session on a revenue package including income-tax increases and a shift of state-paid teacher-pension costs onto counties, state officials said Wednesday. Democratic leaders say the extra revenues are needed to bolster the state’s $35.4 billion spending plan and undo more than $500 million in cuts that went into effect when last-minute bickering caused the assembly to adjourn April 9 without passing two key revenue bills. The House and Senate still have slightly differing proposals to raise taxes, but leaders said they are making progress...

continue reading