In an interview with WJZ, Governor Wes Moore said his FY2026 budget will bring major tax cuts to 82% of Marylanders, while increasing tax rates for the state's highest earners.

Under the proposal, the state would establish two new tax brackets for individuals earning more than $500,000 and $1 million while offering relief for others.

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.