Reply to Md Dems want to put sales tax on services

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[quote=Anonymous]It did not pass!

However, there is another "well thought out" plan that they are pushing through.  I'm sure they thought the service tax bill was well thought out too.  I'm concerned that this was a bait and switch and this new bill was conceived out of the eye of public scrutiny.  If small businesses in Maryland as well as citizens not spoken out the original bill would have passed.  This new bill is being put through without public input and this is concerning as well.

https://www.facebook.com/ericformaryland/posts/3194585840586317

Today in the Ways and Means Committee, we advanced the Blueprint for Maryland's Future, a once in a generation opportunity to make sure all Maryland kids have world class schools. Afterwards, the Revenues Subcommittee moved a funding package.

Given tremendous concern from the public and from small business owners, the Revenues Subcommittee voted unanimously to kill HB 1628, the proposal to expand the sales tax to cover most services. Instead, we moved a smaller, well thought out package of revenue bills.

These include:

1. A bill to close corporate tax loopholes by implementing combined reporting and the throwback rule in our corporate income tax. This bill also has language to help small businesses hurt by the federal changes to the SALT deduction.

2. Legislation to increase the tobacco tax and apply it to vaping products, which in addition to helping fund the Blueprint will help reduce smoking rates and improve public health

3. A bill to modernize our tax code to ensure that digital goods are taxed in the same way we tax similar non-digital goods

4. One to eliminate a tax giveaway from the federal Trump tax cuts

5. And two additional pro-small business bills from Lily Qi to create a technical assistance program and matching grants for the federal Small Business Innovation Research (SBIR) program.

Taken together, these bills get us much of the way to fully funding the Blueprint, though future legislators and Governors will have more work to do to fund the final few years of the plan. And they make our tax system more fair and help many Maryland small businesses.

They will move to full committee on Friday, and the House floor next week, and then we will work with our colleagues in the Senate as they consider our ideas as well. I'm looking forward to discussing this well-reasoned package with them.

But while the revenue package is important, the bill it supports is more important still. It's a moral stain that our state doesn't give every kid a great education. Providing it is also the key to our economic future. We will do nothing more important this term.[/quote]

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