{"id":2399603,"date":"2025-02-06T08:45:17","date_gmt":"2025-02-06T13:45:17","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/state-of-the-state-moore-addresses-budget-deficit-trump-administration-washington-examiner\/"},"modified":"2025-02-06T08:47:25","modified_gmt":"2025-02-06T13:47:25","slug":"state-of-the-state-moore-addresses-budget-deficit-trump-administration-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/state-of-the-state-moore-addresses-budget-deficit-trump-administration-washington-examiner\/","title":{"rendered":"State of the State: Moore addresses budget deficit, Trump administration &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fstate-of-the-state-moore-addresses-budget-deficit-trump-administration-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2399603&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>In his recent State of \u200cthe State \u2063address, Maryland Governor Wes Moore focused on \u2062addressing a important $3 billion budget deficit \u2063while highlighting the challenges posed by the Trump administration, particularly\u200d its impact on human rights and the federal workforce in Maryland. \u2064With \u200dnearly 143,000 \u200dfederal employees, Maryland is second only \u200bto California and Virginia in this regard. Moore urged\u200c residents to\u2062 confront these \u200cissues courageously and \u200doutlined his\u200b vision for closing the budget gap by modernizing government\u200c operations, implementing responsible spending, and redirecting funds to high-return economic sectors. <\/p>\n<p>He\u200c proposed a budget that\u200d aims to simplify \u2064and fairly adjust the tax system without raising sales\u200b or property taxes, aiming to close corporate\u200c loopholes and lower the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-flatters-rich-as-hell-donors-at-mar-a-lago-fundraiser-promises-to-give-them-tax-cuts\/\" title=\"Trump praises wealthy donors at Mar-a-Lago fundraiser, vows tax cuts\">corporate\u200d tax rate<\/a> to stimulate \u2064business growth. Additionally, \u2064the budget includes provisions to double the standard deduction and\u2063 expand\u2064 the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ny-republicans-criticize-hochul-over-budget-spending-plans-washington-examiner\/\" title=\"NY Republicans criticize Hochul over ... spending plans - Washington Examiner\">child \u2062tax \u2062credit<\/a>, which could lead to tax reductions for\u2062 two-thirds \u2064of Marylanders, while suggesting that high earners may face increased \u200dtaxes. <\/p>\n<p>Moore emphasized the \u200dimportance of boosting economic competitiveness and workforce progress, specifically in\u2063 key sectors like \u200btechnology, aerospace, and life sciences, with a $750 million investment plan. He also mentioned essential infrastructure investments, including a\u2062 redesign of the Francis Scott\u200d Key Bridge, previously damaged. Moore concluded that Maryland\u2063 now\u200c has\u2063 a clear strategy\u2062 for economic \u2063growth, addressing\u2064 both current challenges and future opportunities.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">State of the State: Moore addresses budget deficit, Trump administration<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1979240\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>(The Center Square)&nbsp;&mdash; Gov. Wes Moore called on Marylanders to &lsquo;confront crisis with courage&rsquo; on Wednesday during his State of the State address, speaking to the $3 billion state budget deficit and another four years under the Trump administration.&nbsp;<\/p>\n<div class=\"article-paywall\">\n<p>Besides Maryland&rsquo;s fiscal shortfall, Moore sees President Donald Trump as a threat to human rights and Maryland&rsquo;s large federal workforce. The state has more federal workers than any state besides California and Virginia at nearly 143,000, according to the Congressional Research Service.<\/p>\n<p>However, despite these challenges, Moore urged Maryland to do more than just &lsquo;batten down the hatches&rsquo; to survive.<\/p>\n<p>&ldquo;We must close this $3 billion budget gap. And we have to do it in a way that actually grows the middle class, that supercharges and diversifies our economy and breaks our distinct reliance on Washington,&rdquo; Moore said.<\/p>\n<p>In the minutes ahead, Moore shared some of the highlights of a budget that he believes will work toward accomplishing those ends, partly by redirecting funds toward those segments of the economy that will have the greatest return on investment.<\/p>\n<p>&ldquo;The journey forward starts by modernizing government. It starts by reigning in spending and being more responsible in how we invest taxpayer dollars,&rdquo; Moore said, &ldquo;We are looking closely at every single state initiative so we can invest in programs that work and stop investing in the programs that don&rsquo;t.&rdquo;<\/p>\n<p>While Moore didn&rsquo;t list any programs for which the state will cut funding, he did provide examples of tax reforms and increased investments.&nbsp;<\/p>\n<p>&ldquo;Every single Marylander I talk to has a very strong opinion about their taxes because under the current law, our system just isn&rsquo;t fair,&rdquo; Moore said.&nbsp;<\/p>\n<p>The proposed budget will make Maryland taxes &ldquo;simpler, fairer and pro-growth.&rdquo;<\/p>\n<p>&ldquo;For the third year in a row, our proposed budget does not raise sales taxes. For the third year in a row, our proposed budget does not raise property taxes,&rdquo; Moore continued. &ldquo;We are going to close corporate loopholes and lower the corporate tax rate to make Maryland more business-friendly.&rdquo;<\/p>\n<p>In 2024, Maryland&rsquo;s corporate tax rate was 8.25%, one of the <a href=\"https:\/\/amzn.to\/3YuVZYV\">highest corporate tax rates<\/a> in the country.&nbsp;<\/p>\n<p>The new budget also doubles the standard deduction and expands access to the child tax credit, according to Moore. Moore maintained the changes would lead to tax cuts for at least two-thirds of Marylanders, though it would raise taxes for some.<\/p>\n<p>&ldquo;We will be asking people that have done exceptionally well to pay a little bit more so we can invest in growing our economy,&rdquo; Moore said.&nbsp;&nbsp;<\/p>\n<p>The budget also includes $750 million to &ldquo;boost economic competitiveness and our workforce,&rdquo; with a special focus on the &ldquo;lighthouse industries&rdquo; of information technology, aerospace and defense and the life sciences.&nbsp;<\/p>\n<p>&ldquo;I want to make sure that all the sectors that will define the economies of tomorrow will be housed right here in the state of Maryland,&rdquo; Moore said.<\/p>\n<p>But Maryland can&rsquo;t forget to nurture the existing industries that have been foundational to its economy, according to Moore, which is why the budget includes new funding for a project with logistics company Tradepoint Atlantic and $21 billion for improvements to the state&rsquo;s road, bridges, tunnels and mass transit systems.<\/p>\n<p>On Monday, Moore unveiled the new design for the Francis Scott Key Bridge, which collapsed almost a year ago upon being struck by a container ship.<\/p>\n<p>&ldquo;For the first time in a long time, Maryland has a clear economic growth strategy,&rdquo; Moore said.<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_1979240\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1979240\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Moore urges Marylanders to face the $3B budget deficit boldly<\/p>\n","protected":false},"author":1,"featured_media":2399604,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/12\/wes-moore-cr.webp","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[42875,8448,48547,32640,32076],"class_list":["post-2399603","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-budget-deficit","tag-moore","tag-state-of-the-state","tag-trump-administration","tag-washington-examiner"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/12\/wes-moore-cr.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2399603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2399603"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2399603\/revisions"}],"predecessor-version":[{"id":2399607,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2399603\/revisions\/2399607"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2399604"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2399603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2399603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2399603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}