Maryland
This Tax Day, Advocates Call on Maryland Lawmakers to Support a Billionaire Tax – Maryland Matters
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A coalition of advocacy organizations is asking on Maryland’s congressional delegation to endorse a decision to institute a federal billionaire tax, saying that there’s a disparity in what the wealthy pay to the federal authorities yearly versus the working class.
“Marylanders perceive that our tax system is inherently unfair they usually need their elected leaders to do one thing about it,” Kevin Slayton, marketing campaign supervisor for the Maryland Honest Funding Coalition, mentioned in a press release. “It’s time to shut loopholes from the federal stage on down that profit the rich few on the expense of investments in our communities.”
Information offered by Forbes and analyzed by People for Tax Equity demonstrated that 9 of Maryland’s 11 billionaires noticed an $11.6 billion enhance of their wealth from March 2020 to the start of April 2022.
Info relating to the estates of Keith Dunleavy and Anthony Casalena from March 2020 was not obtainable.
Maryland’s 11 billionaires — or their estates — maintain nearly $40 billion in property, in keeping with the report printed by People for Tax Equity, the Maryland Honest Funding Coalition and Our Maryland.
Billionaires are likely to pay decrease tax charges on their funding earnings than the working-class pays on wages. Some skate by with out paying federal earnings taxes, in any respect.
In line with ProPublica, it is because the vast majority of billionaires’ wealth comes from the rise within the worth of their property — together with inventory in their very own firms — which isn’t taxable earnings underneath present legislation. Belongings turn into topic to the federal earnings tax as soon as they’re offered. Within the meantime, the wealthiest People usually stay on low-interest loans.
Whereas the wealthy obtained richer throughout the pandemic, many Marylanders discovered themselves going through layoffs, enterprise closures and skyrocketing costs for items, main them to depend on federal support, in keeping with the report.
Federal aid for well being companies, like Medicaid protection underneath the Households First Coronavirus Response Act, will expire as soon as the general public well being emergency is rescinded, which may occur this 12 months.
U.S. Sen. Chris Van Hollen (D-Md.) mentioned he’s “working to alter” the nation’s inequitable tax system.
This Tax Day, it’s time we lastly be certain that the ultra-wealthiest of People pay their fair proportion. Proper now, some pay nothing & many others pay a decrease tax price than nurses, academics, & firefighters. Why? As a result of our tax code rewards wealth, not work. Working to alter that!
— Senator Chris Van Hollen (@ChrisVanHollen) April 18, 2022
“Proper now, some pay nothing & many others pay a decrease tax price than nurses, academics, & firefighters,” Van Hollen tweeted Monday afternoon. “Why? As a result of our tax code rewards wealth, not work. Working to alter that!”
A White Home information launch issued Monday mentioned that President Joe Biden is asking on Congress to move measures to require the richest households to pay no less than 20% in taxes based mostly on their earnings, together with at present nontaxable investments.
He additionally has proposed that lawmakers repeal a Trump administration coverage that gave over $1 trillion in tax giveaways to giant companies and the wealthiest households.
Biden and Sen. Ron Wyden (D-Ore.) have proposed billionaire tax plans. Although they differ, each have provisions to tax tradable property, like shares.
In line with a nationwide ballot launched earlier this month by People for Tax Equity, 64% of respondents had been in favor of Wyden’s plan, which is estimated to usher in $557 billion throughout 10-years.
Biden’s plan, which might generate $361 billion over a decade, was not talked about within the ballot.
Price range knowledge from the Nationwide Affiliation of State Price range Officers and historic knowledge relating to federal grants tacked onto state budgets counsel that if both tax plan is enacted, Maryland may stand to realize between $740 million and $1.1 billion yearly.
Federal grants — which pay for public companies like Medicaid, vitamin and teaching programs, public security and infrastructure tasks — accounted for about 35% of the state’s funds between 2019 and 2021.
In line with People for Tax Equity, a billionaire tax may add an extra 2.3% of funds to the state funds, which equates to a 12 months’s price of state income from gas taxes.
“These billionaires profit from the fruits of their employees and make the most of the state’s infrastructure, like roads, bridges and faculties, paid for by the taxes of working households,” Sen. Paul G. Pinsky (D-Prince George’s) mentioned in a press release. “They’ve greater than an obligation to pay again a large quantity from their grotesque wealth. It ought to be the legislation.”
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Maryland
Maryland State Police investigate crash in Prince George's County that killed three people
![Maryland State Police investigate crash in Prince George's County that killed three people](https://ewscripps.brightspotcdn.com/dims4/default/4c41e4d/2147483647/strip/true/crop/1000x525+0+19/resize/1200x630!/quality/90/?url=http%3A%2F%2Fewscripps-brightspot.s3.amazonaws.com%2Fb3%2F24%2F5565134149acacb200e5e14dd651%2Fdeadly-crash.jpg)
UPPER MARLBORO — Maryland State Police are investigating a deadly crash in Prince George’s County that killed three people Saturday. One of them being Minnesota Vikings rookie defensive back Khyree Jackson.
Authorities say it happened shortly after 3 a.m. when troopers from the Forestville Barrack were called to a crash on northbound Route 4 at Pennsylvania Avenue and Presidential Parkway.
When authorities arrived, they discovered three cars involved: a silver Infinity Q50, a silver Chevrolet Impala, and a maroon Dodge Charger.
A preliminary investigation suggests that the driver of the silver Infiniti, later identified as Cori Clingman, was traveling northbound on Route 4/Pennsylvania Avenue and attempted to change lanes while driving at a high rate of speed when she struck the Dodge Charger and then struck the Chevrolet Impala.
As a result of the crash, the Charger traveled off the right side of the roadway, struck multiple tree stumps, and eventually stopped, according to police.
The report goes on to say three victims, now identified as 23-year-old Isaiah Hazel, 24-year-old Khyree Jackson, and 24-year-old Anthony Lytton Jr., were occupants of a maroon Dodge Charger. Hazel was the driver. Jackson was the front seat passenger, and Lytton was seated in the rear of the vehicle.
Hazel and Jackson were pronounced deceased on the scene by emergency medics. Lytton was taken to the University of Maryland Capital Region Medical Center, where he was later pronounced deceased by hospital personnel.
Clingman had two other passengers in her Infinity at the time of the crash. No one was injured in her vehicle.
The driver of the Chevrolet Impala was also uninjured in the crash, according to police.
Investigators believe alcohol may have been a contributing factor in the crash.
The Minnesota Vikings organization confirmed the identity of Jackson, releasing a statement on X.
We are devastated by the news of Khyree Jackson’s death following an overnight car accident.
Our thoughts are with Khyree’s family, friends, teammates and coaches, as well as all the victims of this tragic accident.
💔💔💔 pic.twitter.com/pkgC4kQtWi
— Minnesota Vikings (@Vikings) July 6, 2024
“I am heartbroken by the loss of Khyree. As we got to know him throughout the pre-draft process, it was clear the goals Khyree wanted to accomplish both professionally and personally. His story was one of resilience. He was taking steps to become the best version of himself, not just for him, but for those who cared about and looked up to him. Khyree’s personality captured every room he was in.”
Vikings general manager, Kwesi Adofo-Mensah
Authorities say charges are pending the investigation and consultation with the Prince George’s County State’s Attorney’s Office. The Maryland State Police Crash Team is leading the investigation.
It is with a heavy heart that I extend my deepest sympathies to the families, friends, and community members affected by the tragic vehicle collision that claimed the lives of Khyree Jackson, Isaiah Hazel, and Anthony Lytton, Jr. This devastating incident has brought immense grief to our community as we remember these young men who were beloved alumni of Wise High School.
We join the Minnesota Vikings and the wider sports community in mourning the loss of Khyree Jackson, whose promising career and vibrant spirit touched many lives. Our thoughts are also with the Hazel and Lytton families as they navigate through this incredibly difficult time. No words can adequately convey the pain and loss you are experiencing, but please know that Prince George’s County stands with you.
In moments of tragedy, it is essential to reaffirm our unwavering commitment to public safety. The Prince George’s County Council prioritizes the safety and well-being of all our residents. We are dedicated to working closely with law enforcement agencies, community leaders, and citizens to make our roads safer.
As Maryland State Police continue their investigation, let us honor the memories of Khyree, Isaiah, and Anthony by committing to safer practices on the road and supporting one another.
Prince George’s County Council Chair Jolene Ivey
Maryland
Maryland weather: Aggressively hot across the state as the upper 90s continue
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BALTIMORE- Temperatures continue to be brutal for Saturday. Overnight temperatures are hovering in the 80s with humidity still very much in tact. Temperatures will only rise from here with the upper 90s expected for the day ahead.
Saturday is a FIRST ALERT DAY for intense and potentially dangerous heat. An excessive heat warning has already been issued for the region and is set to take effect at 11 am. Some of the state will see heat advisories take effect around the same hour.
Temperatures range in the middle to upper 90s for highs today, but temperatures will feel about 10 degrees hotter.
Excessive heat will continue into the early evening with temperatures bottoming out in the upper 70s lower 80s once again.
Some relief will move in on Sunday, but not much. It looks like we will continue our streak of the 90s for highs on Sunday afternoon.
A little less humidity is in store for the latter half of the weekend.
We will eventually see the threat for rain return to the forecast by next week.
Temperatures will still continue in the 90s as we move into the workweek, but rain will help to keep us in the lower 90s.
Stay safe and hydrated during this heat!
Maryland
Medical, adult-use cannabis sales in Maryland top $1 billion in 1 year
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COCKEYSVILLE, Md. — Decked in Fourth of July garb, Dr. Alexander Dix is the clinical director for KIP Dispensary off York Road in Cockeysville.
“So, this has been a very busy week for us. I think people preparing for the holiday, and realizing we were open on the holiday while a lot of dispensaries were not,” Dr. Dix said.
An operation of about 30 people split between the front and back of the house.
One year ago this July, they began selling adult-use cannabis.
“It’s been amazing. It’s been really great in a lot of different ways. It kind of put pressure on our team to step up and perform and it’s really wonderful to actually see that happen. It’s also been awesome to see so many smiling faces come through the door,” said Dr. Dix.
Green makes a lot of green, and now er have the numbers to prove it.
In the year since cannabis became legal for Marylanders 21 and up: $700 million in adult-use cannabis sales, medical, about $400 million.
Dix sees it continuing here.
“I do expect sales to continue in that upward trajectory. One of the things we did see change recently since a year ago is recreational users can now purchase concentrates – one gram containers. So, that’s one thing that we see change,” Dr. Dix added.
According to the state, Here’s how the tax revenue is broken down:
Half to the state’s general fund, 35% to the state’s community reinvestment and repair fund, benefiting low-income communities hurt by cannabis prohibition.
Focused on the plant’s medical properties – Dix is teaching pharmacy students.
“I have been working with Notre Dame of Maryland University, taking some of their 4th-year pharmacy students for the past year now. And it’s been really awesome to try to bring the cannabis education into the medical education and to really see the enthusiasm and interest in these up and coming professionals,” Dr. Dix said.
As the profit grows, Dix hopes interest in cannabis itself grows too.
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