From Strong to Stunning: New Drill Hole Sets a New Bar

Earlier holes showed 2.4% and 2.7% CuEq. This new hit just delivered 6.93% over nearly 20 metres. That's a game-changer - and it comes with deep insider alignment and an active program.

Maryland governor announces budget framework deal with taxes, cuts

BRIAN WITTE
March 20, 2025

ANNAPOLIS, Md. (AP) -- Maryland Gov. Wes Moore announced an agreement on a state budget framework with the state's Democratic leadership Thursday, criticizing President Donald Trump's tariffs and dramatic downsizing of the federal government while announcing tax increases and cuts to address a $3.3 billion state deficit for the next fiscal year.

The tax increases include a new 3% tax on information technology services, as well as a new income tax bracket for the state's wealthiest residents

"We 've spoken to Marylanders at all income levels about this plan, and there is consensus that if a person is making over $750,000 a year, it is reasonable to ask them to give roughly $1,800 more to help us invest in the success of our state," Moore, a Democrat, said.

The plans also include tax increases on gambling and cannabis, as well as a new 1% tax on capital gains for people with incomes over $350,000.

Moore and other leading lawmakers criticized the Republican president frequently at a news conference at the state Capitol. The governor pointed out that the ratings agency Moody's recently noted that federal cuts pose a greater threat to Maryland than any other state.

"The president has launched a reckless trade war with our allies, including our largest trading partners, and those tariffs could mean over a $2 billion impact on our economy and directly harm our people," Moore said,

He added that Trump dealt a further blow to the state last week by announcing plans to cancel relocating a new FBI headquarters in Maryland.

Republicans said it was wrong to blame the president for the state's fiscal woes, because Maryland's budget deficit existed long before Trump returned to office in January.

"You didn't hear one bit of accountability from any of the Democratic leaders," Del. Jesse Pippy, a Republican who is the House minority whip, said. "You didn't. You heard them blame Trump for every single problem we have in the state, and they just raised our taxes at least a billion dollars."

But the governor emphasized that 94% of Marylanders "will either get a tax cut or see no change in their income taxes." However, he did not provide an estimated average tax cut for those seeing reductions, saying work was ongoing to determine those numbers.

Moore and other leading Democrats, who heavily control the state's legislature, described the budget plan as a much-needed modernization of the state's revenue streams.

"As our economy increasingly becomes digital, this revenue expansion acknowledges the growing role of IT in our daily lives and business operations and the use of technology to replace workers," Senate President Bill Ferguson, a Baltimore Democrat, said. "It also acknowledges that many goods, such as software programs, are now sold as yearly or monthly services."

The new tax would apply to services like website building, as well as services that help people store information on the cloud, such as Amazon Web Services.

Ferguson said the new tax on capital gains will be used to invest in transportation and help add a new revenue stream to the budget, and he linked the new tax to Trump's plan for a tax cut for the wealthy.

"What we do know is that the Trump tax cuts that are focused on billionaires are likely to help those who have done the best, and so this is the right place for Maryland to look to have sustainable investment in our infrastructure and in our budget," Ferguson said.

The plan includes about $2.3 billion in cuts, about $500 million more than the governor included in his initial budget proposal in January. Del. Ben Barnes, a Democrat who chairs the House Appropriations Committee, noted that previous cuts to the Developmental Disabilities Administration have been restored.

Moore described the cuts as the most significant in 16 years, but few details about them were offered at the news conference, an omission sharply criticized by Republicans.

Del. Jason Buckel, a western Maryland Republican and the House minority leader, described it as "very disappointing, the incredible lack of detail."

"Basically all I took away from it was we're going to increase people's taxes," Buckel said. "We're making cuts. We can't tell you what the cuts are."

Lawmakers still have to pass a balanced budget before the end of the legislative session on April 7. The governor described the agreement on Thursday as a framework on its main components, though work remains in the coming weeks.

"This framework will inform the final budget and the final bill that goes from the House to the Senate, and I look forward to signing it when it makes it to my desk," Moore said.

Continue Reading...

Popular

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit the most.

Average US long-term mortgage rate ticks up to 6.22% after four straight weekly declines

The average rate on a 30-year U.S. mortgage ticked up for the first time in five weeks after falling to its lowest level in more than a year last week.

Belgian farmer sues French energy giant for damage caused by climate change

TOURNAI, Belgium (AP) — A Belgian farmer is facing off against oil giant TotalEnergies in court on Wednesday, arguing the French company should pay for damage caused by in the latest lawsuit by environmental activists against big energy companies.

America's Defense Future Starts Underground - Ad

A N. American metals project just caught the attention of Rio Tinto - a mining giant. With four projects in key regions, this firm is aligned with Washington's push to rebuild the defense-metal supply chain.

MacKenzie Scott Has Donated More Than $19 Billion, Yet Her Wealth Grows Faster

MacKenzie Scott, the billionaire philanthropist and ex-wife of Amazon founder Jeff Bezos, has donated a staggering $19.25 billion since 2020.

Trump tariffs face Supreme Court test in trillion-dollar test of executive power

WASHINGTON (AP) — President power to unilaterally impose far-reaching is coming before the Supreme Court on Wednesday in a pivotal test of executive power with trillion-dollar implications for the global economy.

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Marjorie Taylor Greene Buys Blue Chip Stock Near 52-Week Low

Marjorie Taylor Greene is known for buying multiple stocks at a time, based on recent disclosures. A new filing shows one stock bought in November.

Trump's 50-Year Mortgage Plan, Sanders Critiques Musk, Trump Backs Crypto And More: This Week In Politics

Weekend headlines: Trump's 50-year mortgage plan, Sanders criticizes Musk, Trump backs crypto, Scaramucci on NYC mayor, Mamdani challenges Trump.

Copper and Gold in Scale, Not Just Grade - Ad

This isn't a narrow system. It's a thick, mineralized zone delivering copper and gold together - in a province with infrastructure in place. New drill targets are already being tested.

These are the 37 donors helping pay for Trump's $300 million White House ballroom

WASHINGTON (AP) — President Donald Trump says his $300 million White House ballroom will be paid for “100% by me and some friends of mine.”

Congress to Feature Trump on $100 Bill? - Ad

A shocking new plan was just introduced in Washington; to celebrate Trump's new "golden age" by placing him on the $100 bill. In the months ahead, this former Presidential Advisor predicts the government will release a massive multi-trillion-dollar asset which it has held back for more than a century.

Preliminary tests find germ that causes botulism in ByHeart baby formula

Preliminary tests showed that ByHeart baby formula contained the type of bacteria that produces the toxin linked to , California health officials said.

Consumer Tech News (Oct 27-31): Nvidia Surpasses $5T Market Cap, Trump-Xi Meeting Concludes, Big Tech Report Earnings & More

Apple, Amazon, Microsoft, and Alphabet beat Q3 estimates with revenue and earnings growth. Trump and Xi conclude high-stakes meeting with trade, soybean, and resource agreements, potentially impacting U.S.-China economic relations and global markets.

Gold Near $4,073. Copper Tight. This Drill Hit Came Just in Time. - Ad

Dual exposure to two surging metals, plus 17.91% CuEq over mineable width, and infrastructure on site - this is what juniors dream of. And the market is just starting to notice.

Jim Cramer: Chipotle Is 'Too Expensive,' Buy This Plane Maker

On "Mad Money," Cramer discusses Henry Schein, Bloom Energy, Tyler Technologies, Boeing and Chipotle Mexican Grill.

Pete Hegseth Says War Department Preparing For 'Action' In Nigeria

U.S. Defense Secretary Hegseth agrees with Trump's order to prepare for action in Nigeria to stop the killing of Christians by Islamist militants.

Bloomberg says AI is a $50 trillion revolution. - Ad

And at the center of it... isn't NVIDIA. It's a tiny supplier NVIDIA cannot live without. Insiders like Griffin and Druckenmiller are dumping NVIDIA shares... and quietly piling into this obscure stock. And with NVIDIA set to make a major announcement on December 19 at 5pm, time is running out.

TSLA, PLTR, IREN And More: 5 Stocks That Dominated Investor Buzz This Week

Retail investors talked up five hot stocks this week (Nov. 3–7) on X and Reddit's r/WallStreetBets: TSLA, PLTR, MSTR, AMD, IREN.

Warren Buffett Opens Up About The Biggest Investing Blunders Of His Career — Here They Are

Over the decades, the "Oracle of Omaha" has shared candid reflections on his biggest blunders, from emotional decisions to missed opportunities, all of which provide timeless investing insights.

I Believe Something Massive Is About to Hit the Crypto Market - Ad

A new Trump-backed law, the Genius Act, could trigger the biggest crypto boom yet and unleash a $19T windfall. Some plays have already jumped 177% to 749%. The move is early. Positioned investors could see even larger gains, including ways to benefit without buying coins.

UPS cargo plane with 3 aboard explodes on takeoff at Louisville airport, igniting huge fire

LOUISVILLE, Ky. (AP) — A large UPS cargo plane with three people aboard crashed Tuesday while taking off from an airport in Louisville, Kentucky, igniting an explosion and massive fire that left a thick plume of black smoke over the area.

Serbia passes a special bill enabling Trump's son-in-law to build luxury complex despite opposition

BELGRADE, Serbia (AP) — Serbian lawmakers on Friday passed a special law clearing the way for a proposed real estate project that would be financed by an investment company linked to Donald Trump’s son-in-law despite and legal hurdles.

Metals... Not Missles... Is the New Arms Race - Ad

China and Russia control 70% of the world's critical minerals, giving them leverage over the West. One N. American discovery could help shift that balance by developing the metals essential for defense systems.

'No hire' job market leaves unemployed in limbo as threats to economy multiply

WASHINGTON (AP) — When Carly Kaprive left a job in Kansas City and moved to Chicago a year ago, she figured it would take three to six months to find a new position. After all, the 32-year old project manager had never been unemployed for longer than three months.

Tempus AI Stock (TEM) Slides 6% Overnight: Here's Why The Stock Is Trending

Tempus AI shares fell 6.02% in after-hours trading Tuesday following its third-quarter earnings report.

From Strong to Stunning: New Drill Hole Sets a New Bar - Ad

Earlier holes showed 2.4% and 2.7% CuEq. This new hit just delivered 6.93% over nearly 20 metres. That's a game-changer - and it comes with deep insider alignment and an active program.

Pfizer clinches deal for obesity drug developer Metsea after a bidding war with Novo Nordisk

NEW YORK (AP) — U.S. pharmaceutical giant Pfizer signed a deal to purchase development-stage obesity drugmaker Metsera Inc., winning a bidding war against Novo Nordisk, the Danish drugmaker behind weight-loss treatments Ozempic and Wegovy.

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit the most.

Why Did MediciNova Stock (MNOV) Jump Over 87% In After-Hours Trading?

MediciNova shares soared over 87% in after-hours trading on Thursday following the publication of promising research.

Criminal case against Boeing over deadly 737 Max plane crashes is dismissed by a US judge

A federal judge in Texas has agreed to dismiss a criminal conspiracy charge against Boeing in connection with two that killed 346 people.

America's Defense Future Starts Underground - Ad

A N. American metals project just caught the attention of Rio Tinto - a mining giant. With four projects in key regions, this firm is aligned with Washington's push to rebuild the defense-metal supply chain.

Trump Touts 'Really Good Deal' With China As US Stock Futures Rally — Dow Up 91 Points While Gold, US Dollar Remain Flat

U.S. stock futures are surging on Sunday evening, following greater clarity and easing trade tensions between the United States and China over the weekend, following the summit between President Donald Trump and Chinese President Xi Jinping in South Korea last week.

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Trump Barred From Deploying Oregon National Guard To Portland, Judge Cites State Sovereignty

A federal judge handed down a decisive ruling on Friday, blocking Trump's attempt to send Oregon's National Guard to Portland.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright smartmoneytrading.net
Privacy Policy | Terms of Service