Annapolis, Md. — The Maryland business community welcomes the Governor’s announcement that a broad B2B services tax will not be included in the final budget. This decision acknowledges the critical role businesses play in Maryland’s economic ecosystem and future prosperity.
Competitiveness Must Drive Policy Decisions
Despite this positive development, other proposals may still emerge that could undermine Maryland’s business climate — whether through targeted taxes on specific services, higher rates on existing taxes, or extending new taxes to consumers. We must evaluate every proposal through a single lens: Will it make Maryland more competitive for business?
Any policy that makes it harder for Maryland businesses to thrive, compete and grow — or that hinders our state’s ability to attract new businesses — directly threatens our economic future and undermines the sustainable funding of essential services.
Business Growth: The Only Sustainable Solution
A thriving business community is not just one path forward — it is the only sustainable solution to Maryland’s long-term fiscal challenges.
Businesses:
- Create jobs that provide stable incomes for Maryland families
- Generate tax revenue through existing channels
- Attract investment and talent to our state
- Support local communities and provide essential goods and services
Maryland needs policies that enhance our competitiveness with neighboring states, reduce unnecessary regulatory burdens, support workforce development, and incentivize business investment. This is not about giving businesses special treatment — it’s about recognizing the fundamental economic reality that business growth drives prosperity for all Marylanders.
Moving Forward Together
As budget discussions continue, we will measure every proposal against a simple standard: Does it make Maryland a more attractive place to do business? The business community stands ready to work constructively with policymakers on solutions that:
- Improve Maryland’s competitiveness compared to neighboring states
- Provide businesses with the certainty they need to invest and grow
- Address fiscal challenges without compromising economic momentum
- Create an environment where both businesses and Marylanders can thrive
Bottom Line
Maryland’s path to fiscal stability and essential services funding runs directly through a stronger, more competitive business climate. We don’t need new ways to tax Maryland businesses — we need to make Maryland the place where businesses want to invest, grow and create opportunities for all.
so far, this is the first thing he has actually done “for” Maryland!
Not enough to convince me to stay.
Not enough to convince me to stay. Nothing for working marylanders or retirees
It is surprising that MD is in the can financially. All fees just went up at MVA . What are they doing with the billions in weed revenue? Smoking it? I predicted this 40 years ago. Tax the weed and they will overspend the revenue by double. Next they will poison it like cigarettes to make it safer
Exactly! Remember years ago when they did the cigarette tax thing that was supposed to benefit the schools? That money went into the general fund for them to squander on their government projects and raises.
This is so un democratic from Wes Wants Moore. Keepin an eye on this one. No Dem has ever passed up approving a revenue generator. Never.
And all the proceeds from the Lottery was going to education. BS!!! It went into politicians pockets and pet projects. It was all going to be for “The Children”! Yeah, right!