State Roundup, October 5, 2017

UM RECEIVES YUGE DONATION: Talia Richman of the Sun reports that the University of Maryland, College Park announced Wednesday it has received a $219 million donation from the A. James & Alice B. Clark Foundation, the largest gift in the state flagship university’s history. The money will be used to provide more scholarships, build new spaces for student collaboration, add endowed faculty chair positions and develop other programs the college leadership characterized as “historic in scope and transformational in impact.”

SPEAKER RYAN TO TOUT TAX PLAN TO SHORE: House Speaker Paul Ryan will visit an Eastern Shore factory today as part of a tour to sell the Republican tax proposal, reports John Fritze for the Sun. Ryan will visit Dixon Valve & Coupling Co. in Chestertown, located in Rep. Andy Harris’s district. The house coupling manufacturer sells its products globally, and the company would likely benefit from the tax plan’s proposal to lower the top corporate rate to 20% from 35%.

31% WOULD GET TAX HIKE: About 31% of Maryland households would pay a higher tax bill and roughly two-thirds would receive a tax cut under a proposal announced by President Donald Trump and Republican leaders in Congress, according to an analysis released Wednesday. The study, by the left-leaning Institute on Taxation and Economic Policy, found 30.5% of Marylanders would face an immediate increase — the largest share in the nation — due mostly to the proposal to eliminate the frequently claimed state and local tax deduction, John Fritze reports for the Sun.

 

 

READ MORE HERE: http://marylandreporter.com/2017/10/05/state-roundup-october-5-2017/