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MTA: Spotlight on Tax and Spend Annapolis

Maryland Taxpayer's Association:

Each year more than 2500 bills are proposed and 800 are passed.  You probably have no idea what most of these laws are.  Think about it.  After ten years, perhaps 8000 new laws are in the code.  This has been happening for decades.  Do you think it’s possible that you could be in violation of at least a number of these laws and you don’t even know it?

Most of the bills, however, are about spending or taxing and that is not necessarily favorable to Marylanders, who have to pay for all of this.  Remember one e-mail a week to committee members.  NO NEW SPENDING!  NO NEW TAXES!  CUT THEM!

The week ahead on spending and taxing:

BIG spending…BIG!  HB 237, Windmills in the ocean, Tue, Feb 14, Senate Finance.  The Gov claims this will cost $2 billion.  If memory serves, last year it was $3 billion.  Does that make sense?  Or is it all low-balled anyway?  All of this and dead birds to electrify the equivalent of half the homes in Baltimore City.  It seems to us that half the homes in Baltimore City are boarded up. 

Big taxes…Budget and Tax, Tue, Feb 14:  HB 248 (bad), would get corporations to pay every which way by an Alternative Minimum Assessment on receipts.  Don’t we need more corporations, not less?  SB 296 (good) gives credits to companies for costs of security clearances.  Finally, the federal estate tax credit allowed would be gradually increased under SB 402 (good), but benefits taken away for estates in which agricultural land is taken out of production in SB 410 (bad)

More on taxes, some good…House Ways and Means, Tue, Feb 14: Maryland is one of only a few states charging either estate or inheritance taxes, whichever is more.  HB 203 would re-couple tax credits to federal law on such taxes.  HB 383 would add COLAs to the newly graduated state income taxes assuring that citizens don’t become even more overtaxed via inflation.  HB 234 would reduce the corporate tax to 7% from 8.25%, while HB 429 would reduce the corporate tax to 7.25%, but would also cut the sales tax to 5.5%.  (Your MD Taxpayers Association contends that state revenues from the sales tax would be the same or more today had the tax never been raised at all.)  Note that most of the good bills are being proposed by minority party members.  One bad tax this day:  HB 455 would add a sales tax to vending machine snack food.

One really bad taxing proposal to be heard on Wed, Feb 15 in House Ways and Means:   HB 83, would allow charter county councils to ignore limits on property taxes.  Effectively, it would repeal the limits on increasing property taxes.  There is a similar bill to be heard later in the Senate. (In the late 1980s and early 1990s, there was a tax revolt in Maryland, a property tax revolt and it was big.  This gave life to the Maryland Taxpayers Association.  Limits were placed on property tax increases. So good things can happen if the noise is loud enough.)

RELEVANT COMMITTEE INFORMATION

PHONE NUMBERS   410-841-3000, 800-492-7122, 301-858-3000

SENATE BUDGET AND TAXATION:

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SENATE FINANCE:

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HOUSE WAYS AND MEANS:

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" The man who will use his skill and constructive imagination to see how much he can give for a dollar, instead of how little he can give for a dollar, is bound to succeed. "

-- Henry Ford

Please consider contributing, if only a couple of bucks, the cost of countering the liberal media is arduous and costly.

  

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