Gov. Wes Moore Wednesday proposed a budget he said will promote long-term economic growth and provide tax cuts to many, but it will be  balanced on tax increases on high-income earners in the state.

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.

Governor Wes Moore announced new details on his tax plan for the 2026 fiscal year. "We're going to introduce a new package that for two thirds of all Marylanders, they're about to get a tax cut," said Governor Moore to a group of reporters.