Maryland residents and businesses are facing a growing tax and regulatory burden, with recent increases adding to the cost of living and doing business. Calls are being made for greater fiscal discipline and scrutiny of government spending rather than relying on additional taxes and fees to address the state’s budget challenges. These rising costs could make Maryland less attractive to residents and businesses compared to neighbors.
Where we stand: Maryland cannot tax its way to greater competitiveness. Addressing the state’s fiscal challenges requires greater discipline in government spending while avoiding additional taxes and fees that make it more expensive to live, work and do business here.
