corporate income tax

Local News
9:19 am
Wed June 11, 2014

Doug Gansler's Uphill Battle to Become Maryland's Governor

Attorney Doug Gansler
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Public opinion polls show Lt. Gov. Anthony Brown with a 20 plus lead over rival Attorney General Doug Gansler in the race for the Democratic gubernatorial primary race with Delegate Heather Mizeur a distance third.  The Attorney General stopped by the studios of Delmarva Public Radio to discuss the race and the issues

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Local News
7:46 am
Fri June 6, 2014

Doug Gansler Pushes Corporate Tax Cut in Race For MD Governor

Attorney General Doug Gansler
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ANNAPOLIS, Md. (AP) - Attorney General Doug Gansler is highlighting his plan to cut the corporate income tax rate to demonstrate he is the most willing of Maryland's Democratic primary candidates for governor to do what's necessary to spur the state's economy.

Gansler wants to gradually cut the state's corporate income tax from 8.25 percent to 6 percent. He says that will make Maryland more competitive with Virginia for companies that want to be near the nation's capital.

Gansler is running in the Democratic primary against Lt. Gov. Anthony Brown and Del. Heather Mizeur.

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Local News
8:14 am
Mon April 21, 2014

Upcoming Delaware Budget Revenue Forecast Revision

Credit Don Rush

NEW CASTLE, Del. (AP) - The panel that sets Delaware's official financial projections is updating revenue estimates lawmakers will consider as they work on a budget for the upcoming fiscal year.

The Delaware Economic and Financial Advisory Council meets Monday, one month after lowering its overall revenue estimate for the current fiscal year by almost $108 million compared to its December forecast. Leading that decline was a $70 million drop in estimated corporate income taxes.

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Local News
8:26 am
Tue March 18, 2014

Delaware Revenue Projections Down

Credit Don Rush

NEW CASTLE, Del. (AP) - The panel that sets Delaware's official financial projections has significantly lowered expectations for corporate income tax revenue this year, putting more pressure on state lawmakers charged with developing a budget for the upcoming fiscal year.

The Delaware Economic and Financial Advisory Council on Monday lowered its overall revenue estimate for the current fiscal year by almost $108 million compared to its December forecast, led by a $70 million drop in estimated corporate income taxes.

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