None of these things are easy. All of them are necessary,” Maryland Gov. Wes aMoore said in a news conference unveiling his plan.

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.

An overhaul of Maryland’s personal income taxes would give two-thirds of filers an average tax cut of about $173 while raising hundreds of millions of dollars more from those making more than $500,000 under a budget plan proposed Wednesday by Gov.

Gov. Wes Moore proposes tax hikes for Maryland's highest earners and budget cuts to address fiscal challenges and reduce the state's deficit.

Moore has said the state will face difficult choices in handling its worst financial crisis in 20 years, leading to shortfalls that could reach nearly $6 billion by 2030.

Governor Wes Moore says two-thirds of the people of Maryland, or 82%, will be getting a tax cut soon. Moore joins “CUOMO” to discuss his balanced Maryland budget and says “this is the moment when Maryland can actually grow economically” while helping working families.