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 says 82% of Marylanders will see a cut or no change in their taxes, while the richest 18% will see increases. He did not say how much that increase will be.

Moore has also pledged making $2 billion in cuts to help close a $3 billion budget gap, targeting some spending on climate initiatives and government inefficiency.

The first storm is a fiscal crisis nearly a decade in the making. Under the former administration, state spending increased by 70% in the seven years before I took office, while our economic growth flatlined.

Maryland Gov. Wes Moore will call for a cut to the state's corporate tax rate as well as ask the General Assembly for hundreds of millions in new funding to help grow emerging companies as part of his forthcoming budget proposal.