Maryland’s wealthiest earners would pay more in state taxes, while corporations and other workers would get a tax cut under a budget plan Gov. Wes Moore will introduce Wednesday — marking the first time the Democrat has thrown his political weight behind policies that could directly impact most Marylanders’ pocketbooks.

Maryland Gov. Wes Moore has included higher income tax rates for taxpayers who make more than $500,000 in his budget plan, as well as about $2 billion in budget cuts to address a $3 billion deficit.

Maryland is facing a budget crisis and Gov. Wes Moore has said the state is going to have to slash spending and increase revenue to fix it.

Moore has said the state will face difficult choices in handling its worst financial crisis in 20 years, leading to shortfalls that could reach nearly $6 billion by 2030.

ANNAPOLIS, Md. (7News) — Maryland Governor Wes Moore released details of his $67.3 billion budget on Wednesday. It relies on $2 billion in cuts to state Government as well as nearly $1 billion in tax increases to close a nearly $3 billion budget deficit.

First lady Jill Biden expressed her disappointment with former House Speaker Nancy Pelosi in a new interview with The Washington Post, providing rare public comments about the fractured relationship between her husband, Joe Biden, and Pelosi following the president’s departure from the 2024 race.

Moore has also pledged making $2 billion in cuts to help close a $3 billion budget gap, targeting some spending on climate initiatives and government inefficiency.

On the eve of the release of his 2026 state budget proposal, Maryland Gov. Wes Moore dropped a few hints about how he'll close an almost $3 billion budget shortfall that could include tax changes. Speaking Tuesday in College Park,

Gov. Wes Moore's proposed 2026 budget​ includes significant investments in Baltimore's development and transportation infrastructure across Maryland.