Everybody loves a growing business community. It means more jobs, more income – and more taxes.
When the new governor and comptroller spoke to the Maryland Chamber of Commerce on Feb. 28, they embraced the business community. Said Gov. Wes Moore, who had spent some time as an investment banker: “When Maryland’s businesses are strong, Maryland’s communities are strong.”
However, some of the state’s policies that Moore is backing, including the already enacted Family and Medical Leave Insurance program and proposed legislation regarding electric vehicles and trucks, will drive up the cost of doing business – all at a time when taxpayers are leaving the state, leading to a substantial loss in taxable income.
