Position Statement Opposing House Bill 1250 Given before the House Ways and Means Committee Implementing a tax cut for one category of businesses would significantly reduce resources that Maryland relies on to fund education, roads, hospitals and other public assets
Conversations about how a state can create more jobs and grow its economy often focus solely on tax cuts, despite the large and growing body of evidence that these approaches simply don’t work. Supporting homegrown startups and young, fast-growing in-state
Exempting a large category of business owners from paying income taxes on their profits is an ineffective strategy for growing a state’s economy – and Maryland would do well to reject the idea. Maryland should learn from the experiences of
