States that want to become magnets for new businesses, or strengthen their position as such, must focus on eliminating harmful taxes that stifle economic growth such as income taxes and estate taxes. Maryland — with a 5.75 percent state income tax, large local income tax add-ons, a state estate tax and an incoming Republican governor — has an unprecedented opportunity to join the ranks of pro-growth states by passing a law to cut taxes equal to increased revenues from passage of a
Federal consumer spending data released this week by the Bureau of Labor Statistics show Baltimore-area residents spent an average of $154 annually on books, newspapers, magazines and other pleasure reading — about 45 percent more than the $106 national average. That's just a tiny fraction of area expenditures, but it's consistent with the profile of the wealthy, middle-aged average consumer revealed in the BLS data. And it's one sign of the ways the Baltimore region is different.
Harford County Councilman Jim McMahan, who is running for re-election, says he supports bills to raise the salaries of the next county executive and county council, giving the measures a minimum of three prospective favorable votes among the seven member council.
President Barack Obama unveiled a $3.9 trillion federal budget on Tuesday that calls for spending billions more on infrastructure, raising taxes on the wealthy and closing an income inequality gap the president has made a top target of his second term.
Forecasts of sunny skies are combining with falling gas prices and an apparent "pent-up demand" for a getaway to put Maryland on a course for its busiest Labor Day weekend for travel since the end of the recession.
The latest "Measure of America" finds Baltimore and Maryland in a good place, as far as health, wealth and education. The study, by the Social Science Research Council, takes stock of well-being, and how it varies geographically and racially, every couple of years.