A group of diverse Maryland business owners is urging state lawmakers to reconsider a historic $1.6 billion tax and fee increase, including a new $5 tire fee. Todd Huff, the operations manager of a family-owned auto repair business, expressed concern about the impact of this fee on the middle class and small businesses. Another business owner, Todd Marks, CEO of Mindgrub Technologies, highlighted the potential negative effects of a 3% tax on digital services on his company’s operations. Both owners fear that these tax increases could lead to relocating their businesses out of Maryland or even shutting down.
Despite Governor Wes Moore’s promises to improve the economy for businesses, these owners believe that the tax proposals in the state budget framework agreement are detrimental. They argue that spending cuts, rather than tax increases, are necessary to address Maryland’s financial challenges. The governor’s office responded by attributing the state’s budget shortfall to the previous administration. The Senate is expected to debate the budget, with business owners urging policymakers to consider the impact on businesses and the economy. Spotlight on Maryland, a news collaboration, is closely monitoring the situation.
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