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“Do What We Can”

  • Published in Local

Council passes plan to help homeowners hit by new tax plan

MoCo LogoROCKVILLE — Responding to the recently-passed Republican tax plan that could result in higher taxes for Maryland residents, the County Council on Tuesday introduced and passed a bill 7-1 that will allow residents to prepay their County taxes under the current tax laws.

“We must do what we can to protect our people from the negative impact of this terrible Republican tax legislation,” said Council member Roger Berliner (D-1), who originally proposed the idea of allowing residents to prepay their County taxes last week. “And this legislation before us is the only legislation that I am aware of that can postpone the pain for one more year.”

The Council returned from their holiday recess to act quickly on the bill, which County Executive Isiah Leggett (D) signed on Tuesday in the hope that it will mitigate some of the effects of the federal bill Council member Craig Rice (D-2) was the lone vote against the bill, while Council member Tom Hucker (D-5), abstained, as he was not present for the vote.

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“Ease the Burden”

  • Published in Local

Local leaders look to mitigate effects of federal tax plan

Local leaders are bracing for the impact of the Tax Cuts and Jobs Act, which could hit County residents hard by eliminating a useful deduction for high tax states and cities.

On Wednesday both the House and Senate passed the long-awaited tax bill, which provides for $1.5 trillion in federal tax cuts and temporarily the top income tax rate from 39.6 percent to 37 percent. The bill’s personal income tax cuts were written to expire in some years to meet requirements imposed by Senate rules, while cuts to the nation's corporate tax rate are permanent.

“This is one of the most important pieces of legislation that Congress has passed in decades to help the American worker, to help grow the American economy,” said House Speaker Paul Ryan (R-Wisc), who has been pushing for massive tax cuts for the majority of his political career. “This is profound change, and this is change that is going to put our country on the right path.”

While many Americans’ taxes will be decreased, a provision in the bill that caps property tax deductions at $10,000 has become an issue for residents in places with high property taxes according to elected leaders.

Montgomery County Council member Roger Berliner (D-1) wrote a letter urging Montgomery County Chief Administrative Officer Timothy Firestine to allow residents to prepay property taxes in order take advantage of the current, and more favorable tax deduction before the new tax cut takes effect.

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