Tag: corporate income tax
Md. Senate leaders forecast some business tax relief
State Senate leaders told a business group Wednesday that they expected to see some sort of small business tax relief in the coming legislative session, possibly coupled with an increase in the minimum wage.
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Voters oppose corporate tax cuts but favor minimum wage hike, poll finds
Progressive Democrats are using new polling results to continue their push for increasing Maryland’s minimum wage to $10 an hour, while they reject attempts to lower corporate taxes. A minimum wage hike and corporate tax cut are being discussed by General Assembly leaders ahead of the 2014 session.
Read MoreBusiness group leaders say Maryland needs to be more competitive on taxes
With a report Monday by CEO magazine ranking Maryland among the 10 worst states to do business, the Greater Baltimore Committee said it’s going to renew its push to improve the state’s competitiveness. “I’m always struggling with why we think we’re so good and others think we’re not,” said Brian Rogers, chairman of the T. Rowe Price Group who chairs the Greater Baltimore Committee’s board.
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Md. corporate tax will be cut, Senate chairman predicts
Maryland’s 8.25% corporate income tax will be lowered next year, at least by the Maryland Senate, predicted Sen. Ed Kasemeyer, chair of the Senate Budget and Taxation Committee. “I do believe that next year you’ll see it occur,” Kasemeyer told a Howard County Chamber of Commerce breakfast Thursday. The Howard County Democrat had backed lowering the rate at a meeting of the same group in 2011.
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