GOP Candidate David Craig Announces Tax Cut Plan - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

GOP Candidate David Craig Announces Tax Cut Plan

Posted:
David Craig (Photo: AP) David Craig (Photo: AP)

By BRIAN WITTE
Associated Press

ANNAPOLIS, Md. (AP) - Harford County Executive David Craig is announcing a major tax cut proposal as part of his campaign for the Republican nomination in the governor's race in Maryland.

Craig said Tuesday he would phase in an income tax reduction with an eye toward eventually eliminating it.

He says the first phase would take effect in 2016. That's when Craig would seek to lower state income taxes to 4.25 percent for all earners. Current tax brackets go as high as 5.75 percent.

Craig says after monitoring the effects on revenues and working to save money in the budget, he would push to reduce income taxes to a flat 3 percent before phasing the tax out entirely.

Craig says under his plan, the state could afford the tax cuts largely through budget reforms.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Delmarvawide NewsDelmarvawide NewsMore>>

  • One Person Killed in Millsboro Crash

    One Person Killed in Millsboro Crash

    Wednesday, April 23 2014 6:55 AM EDT2014-04-23 10:55:08 GMT
    Police say a Millsboro woman was killed in a crash on Banks Road Wednesday evening. More
    Police say a Millsboro woman was killed in a crash on Banks Road Wednesday evening.
    More
  • Mitt Romney Gives to McDonnell Defense Fund

    Mitt Romney Gives to McDonnell Defense Fund

    Wednesday, April 23 2014 1:17 AM EDT2014-04-23 05:17:50 GMT
    Newly released tax records show former Gov. Bob McDonnell's legal defense fund raised nearly $150,000 during the first quarter of this year.More
    Newly released tax records show former Gov. Bob McDonnell's legal defense fund raised nearly $150,000 during the first quarter of this year.More
  • Maryland MVA Turns to Website to Shorten Lines

    Maryland MVA Turns to Website to Shorten Lines

    Tuesday, April 22 2014 11:30 PM EDT2014-04-23 03:30:41 GMT
    EASTON, Md.- Long lines, tickets, numbers being called, and lots of waiting are just some of the things associated with a trip to the MVA. But now, Maryland's Motor Vehicle Administration is adding more features to their website to cut down on all that waiting.More
    EASTON, Md.- Long lines, tickets, numbers being called, and lots of waiting are just some of the things associated with a trip to the MVA. But now, Maryland's Motor Vehicle Administration is adding more features to their website to cut down on all that waiting.
    More
  • Most Popular StoriesMost Popular StoriesMore>>

  • Two People Critically Injured in Sussex County Crash

    Two People Critically Injured in Sussex County Crash

    Tuesday, April 22 2014 11:24 PM EDT2014-04-23 03:24:31 GMT
    MILLSBORO, De - Delaware State Police say Bank Road in Millsboro is closed following a two-vehicle collision that occurred around 9 p.m. this evening. Police say two people were removed from the scene of the accident and are being treated for critical injuries. Troopers are still investigating this motor vehicle accident in Sussex County.More
    MILLSBORO, De - Delaware State Police say Bank Road in Millsboro is closed following a two-vehicle collision that occurred around 9 p.m. this evening. Police say two people were removed from the scene of the accident and are being treated for critical injuries. Troopers are still investigating this motor vehicle accident in Sussex County.More
  • Convicted Sex Offender Sentenced for Child Porn

    Convicted Sex Offender Sentenced for Child Porn

    A man who previously served four years in prison for possession of child pornography has been sentenced to 15 years on another child porn charge.More
    A man who previously served four years in prison for possession of child pornography has been sentenced to 15 years on another child porn charge.More
  • Mitt Romney Gives to McDonnell Defense Fund

    Mitt Romney Gives to McDonnell Defense Fund

    Wednesday, April 23 2014 1:17 AM EDT2014-04-23 05:17:50 GMT
    Newly released tax records show former Gov. Bob McDonnell's legal defense fund raised nearly $150,000 during the first quarter of this year.More
    Newly released tax records show former Gov. Bob McDonnell's legal defense fund raised nearly $150,000 during the first quarter of this year.More
Powered by WorldNow

All content © Copyright 2000 - 2014 Worldnow and WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service