How to handle the public relations nightmare
It’s the latest in a string of public relations disasters that has dogged Maryland’s political machine in recent weeks.
Public relations professionals across the political spectrum are scrambling to figure out how to cope with the fallout from the Maryland House and Senate’s surprise, unanimous passage of two bills this week that would impose a $4.5 billion tax hike on businesses that fail to file quarterly tax returns.
The bill also would require the state to cut more than $100 million in state aid to colleges and universities.
The measures were introduced in the wake of the state’s $25 billion budget crisis, which the governor declared a fiscal emergency.
The bills were swiftly condemned by business leaders and Democrats.
The governor’s office did not respond to requests for comment.
Maryland’s business community has been hit especially hard by the new tax.
The state’s business tax rate has gone up by more than 5% since July.
With its corporate tax rate at just 7%, Maryland is one of the few states that does not levy a corporate tax, a practice that has helped create a wealth of opportunities for businesses in the state.
But with the state facing a $26 billion budget deficit, the new taxes would not only hurt Maryland businesses, but also make it harder for them to grow.
The bills were introduced by Democratic state Sen. Mary Landrieu and Republican state Rep. Kevin Londz, who are vying for the seat that former Gov.
Martin O’Malley vacated after he resigned last year to seek the presidency.
The two Democrats are the only two Democrats in the House.
In an interview with The Washington Post, Londzz said that the bills would help Marylanders who are struggling to pay for their healthcare and are struggling with the loss of tax credits that were already cut.
“We need to help them,” Londzzy said.
“This is a relief bill.
This is a tax bill.
We are looking for an immediate tax relief.
And the way to get there is by creating jobs.”
The bill would raise Maryland’s corporate tax from 7% to 9% on a business’ earnings over $250,000.
That’s the highest corporate tax in the country.
It would also allow Maryland to cut $4 billion in state funding to colleges, universities and other institutions.
The additional funding is intended to help students, employees and businesses pay for college and graduate degrees.
The legislation also increases the state aid for universities and grants for community colleges, which are also at the forefront of the tax-reform debate.
According to the nonpartisan Legislative Fiscal Bureau, Maryland is the 10th-most-expensive state in the nation to operate a business.
The new taxes have prompted business owners to relocate their operations or sell their businesses.
Many have said that they can’t afford to stay in Maryland, where unemployment has reached a record high of 9.4%.
The new tax legislation has been criticized by business groups and lawmakers, who have called the bill a tax increase and have argued that it will not help Maryland’s economy.
“We’re not getting the tax relief we need to continue to invest in Maryland’s business climate, and we’re not going to have the jobs we need,” said Mark Schmitt, president of the National Federation of Independent Businesses, which opposes the bills.
“We don’t need another tax increase to fund education.
We don’t want another tax hike to help the economy.”
State lawmakers are also facing pressure from business owners, who say they don’t have the time or resources to respond to all the attention.
The Associated Press reported that several business groups have threatened to pull out of Maryland in the next few weeks, a move that would further hamper the state in its attempts to balance its budget.
“If this tax bill passes, I don’t know what we’ll do,” said Kevin Kranz, president and CEO of the Maryland Chamber of Commerce, in a statement on Thursday.
“As businesses struggle to find and retain workers, we will be less competitive and our state will be worse off.”
State Sen. Jamie Raskin, the ranking member of the Senate Appropriations Committee, also slammed the legislation as a tax on Marylanders.
“This tax hike will hit our economy hardest and it will have an impact on Maryland’s jobs, growth and the economy overall,” Raskins office said in a written statement.
“I urge lawmakers to be careful about making this tax hike, as it is not fair to our constituents, particularly the small business owners in our state.
This legislation will further hurt Marylanders and hurts our economy in the long run.”
Democrats, including Gov.
Larry Hogan, have said they do not want to raise taxes to pay off the budget crisis.
The House and the Senate approved the tax bills on Tuesday.
Both bills will go to the governor for his signature.
The Maryland House approved the bill last week, but the Senate voted it down on Thursday night, a night that Democrats say was an attempt to stymie the passage of the bills by