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After Multiple Rounds of Revisions, Business Tax Breaks Still Fall Short
A package of manufacturing tax breaks favored by Gov. Hogan was one of the highest-profile bills passed by the General Assembly on its final day in session this year. Ultimately, the new law is likely...
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Tax Day: Our Shared Investments in Maryland
What kind of state do you want Maryland to be? For most of us, the answer is straightforward. We want to live in safe neighborhoods with reliable roads and amenities like well-maintained parks. We want...
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Chipping Away at Transportation Revenue Would Harm Maryland’s Economy
Position Statement Opposing House Bill 911 Given before the House Ways and Means Committee The gas tax is a common-sense way to ensure that the people who drive on Maryland roads pay their fair share...
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Ineffective Business Tax Credits Should Not be Expanded
Position Statement Opposing House Bill 872 Given before the House Ways and Means Committee Past evaluations by the Tax Credit Evaluation Committee and legislative staff have raised serious concerns...
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It’s Time for Wealthy Investment Managers to Pay their Fair Share
Position Statement Supporting House Bill 915 Given before the House Ways and Means Committee Like thousands of other Maryland workers, from authors to restaurant servers, private equity and hedge fund...
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Job Creation Tax Credit Needs Updates
Position Statement Supporting House Bill 1052 Given before the House Ways and Means Committee Since the mid 1990s, the number of Maryland state business tax credits has increased significantly. Given...
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Taxing Inherited Wealth is a Reasonable Way to Support Public Services
Position Statement Opposing House Bill 1331 Given before the House Ways and Means Committee Taxing income – whether it comes from working, an inheritance, or winning the lottery – has long been a key...
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It’s Time for Wealthy Investment Managers to Pay their Fair Share
Position Statement Supporting Senate Bill 605 Given before the Senate Budget and Taxation Committee Like thousands of other Maryland workers, from authors to restaurant servers, private equity and...
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Homeowners’ Property Tax Credit Needs Cost of Living Adjustment
Position Statement Supporting House Bill 688 Given before the House Ways and Means Committee Maryland’s Homeowners’ Property Tax credit provides much needed relief for low-income homeowners. Under...
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Homeowners’ Property Tax Credit Needs Cost of Living Adjustment
Position Statement Supporting Senate Bill 407 Given before the Senate Budget and Taxation Committee Maryland’s Homeowners’ Property Tax credit provides much-needed relief for low-income homeowners....
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Renter’s Tax Credit Fix Would Help More Marylanders Afford Housing
Position Statement in Support of House Bill 338 Given before the House Ways and Means Committee In 2015, more than half of renters in Maryland spent more than a third of their income on housing costs,...
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Earned Income Tax Credit Leaves Single Taxpayers Behind
Over the next couple of months, as Marylanders file their income taxes and many anxiously wait for state refunds, legislators will be considering whether to expand the state’s Earned Income Tax Credit...
View ArticleHow Immigration Policy Shapes Maryland’s Communities, Economy
The Maryland we know today exists because of people who came here, and continue to come here, from around the world to build their lives and raise their families. In the late 19th and early 20th...
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What We’re Watching in the 2017 Legislative Session
Lawmakers began considering hundreds of bills as the Maryland General Assembly began its 90-day legislative session this week. At least a handful of these bills have the potential to affect prosperity...
View ArticleMaryland Must Preserve Critical Investments When Addressing Budget Shortfall
Without major changes in the economy or state fiscal practices, Maryland policymakers will continue to face small budget shortfalls each year, the Department of Legislative Services told the General...
View ArticleMaryland Threatens Broad Prosperity by Weakening Estate Tax
Maryland has more millionaires per capita than any other state, and asks less of them when it comes time to support the public good through schools, hospitals and transportation. Maryland was one of...
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To Support a Strong Economy, All Marylanders Must Pay Their Fair Share in Taxes
Maryland’s success today is due to our past public investment in good schools, a strong transportation system and other building blocks of a prosperous economy. As another “tax day” rolls around, it’s...
View ArticleIn Md., big tax cuts for those who need them least – Baltimore Sun
A package of income tax cuts passed by the state Senate got a boost this week when Gov. Larry Hogan urged their passage as the legislature wraps up its business in the coming days. Though they differ...
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Approved State Budget Leaves Unmet Needs
Maryland’s new state spending plan does not do all it could to meet the needs of families still struggling to get by in an uncertain economic recovery. The state budget the General Assembly adopted...
View ArticleUndocumented Immigrants Pay Hundreds of Millions in State Taxes; Full...
By Mark Scott Undocumented immigrants are an important part Maryland’s economy. They make a significant contribution to the state’s public finances by paying hundreds of millions of dollars each year...
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