December 21st, 2017 by WCBC Radio
As the Republican tax package cleared Congress, Governor Larry Hogan on Wednesday announced a proposal to lessen its impact on Marylanders. The tax reform plan doubles the standard deduction but limits deductions for state and local taxes, mortgage interest, moving expenses, alimony and disaster losses. The legislation proposed by Maryland's Republican governor would return any additional revenue the state receives from taxpayers hurt by the changes to deductions and exemptions. On Tuesday, he said Comptroller Peter Franchot's office is still in the process of analyzing the bill's impact on Maryland. The governor made a pledge to do everything in his power to guarantee that Maryland taxpayers will be protected…