Bipartisan support for Maryland’s business community was on full display Wednesday in Annapolis at a conference hosted by the Maryland Chamber of Commerce where lawmakers and members of the Hogan administration touted plans to make the state more business-friendly.
Progressive Maryland released a report highlighting gaps in Maryland’s tax policy that prevent the state from bringing in almost $60 million in annual tax revenue from corporate sectors.
The report identifies seven sectors of Maryland’s tax policy that allow big businesses to take advantage of the state tax code. Business groups dispute the findings.
Beginning this fall, confidentiality privileges long enjoyed by attorneys and their clients will be extended to labor organizations and their members, raising concerns that these new protections could interfere with federal law.
A new study finds that at least 68 profitable corporations paid no state income taxes anywhere in the country in one of the last three years, according to their annual reports and official government filings.
Business executives on a panel at a Maryland Chamber of Commerce forum sounded familiar themes Wednesday: state government needs to reduce cumbersome regulations, speed approvals and become more “business-friendly.”
The congestion and poor condition of Maryland’s roads cost drivers an average of more than $2,200 annually in added maintenance, gasoline, and safety costs, according to a new report from a national nonprofit transportation research group.
The report from the TRIP organization says the average driver in the Baltimore area ends up paying $2,226 each year because of road conditions and traffic. Average DC-area drivers end up paying $2,296 each year. This adds up to $7 billion in costs to motorists statewide, the report estimates.
A range of tax increases and budget cuts are on the table next year as Maryland legislators struggle to get a handle on a $1.7 billion structural deficit, Democratic legislative leaders told a business conference Friday.
Taxes on alcohol, gasoline, corporate income and sales face possible increases during the 2011 General Assembly.
The unemployment insurance reforms that Gov. Martin O’Malley has proposed could take some time to develop.
Will school funding need to be cut or at least frozen next year? Will some of the burden of teachers’ pensions need to be shifted to the counties?
Some of these most contentious budget issues of the upcoming General Assembly session were previewed last week in Annapolis hearings.
In a familiar refrain, the General Assembly’s Republican leaders urged the members of the Maryland Chamber of Commerce Friday to back candidates who support their interests – not the Democrats who now dominate the legislature.
“The business community has a strong interest in a viable two-party system in the state of Maryland,” House Minority Leader Tony O’Donnell, R-Calvert and St. Mary’s, told the Chamber’s policy conference in Cambridge.