Dollars Coming and Going
Speaking of taxes, the Post reminded us recently how backward our state tax structure is:
What's needed, as we've written before, is a top-to-bottom revision of Maryland's obsolete tax system, conceived in the 1960s and barely updated since then. The elements of such an overhaul might include a more progressive personal income tax, since the current one is virtually flat and therefore favors the rich; tougher corporate income tax collections to eliminate shelters; an increase in the gas tax, last raised 15 years ago, to yield badly needed funding for the state's roads and mass transit; and a levy on services, most of which remain inexplicably untaxed even though they constitute the backbone of Maryland's economy.
More detail about how Maryland’s taxes are taking a bigger bite out of the budgets of low- and middle income taxpayers than the wealthy is available by clicking on Maryland at the Institute on Taxation and Economic Policy. With new Comptroller Peter Franchot promising to be a champion for progressive policy and the advocates at Progressive Maryland on the job, surely tax and budget policy that serves all Marylanders is coming our way.
Former Montgomery County Council President Tom Perez has been nominated by the Governor to be Maryland Secretary of Labor, Licensing, and Regulation, an post important to the working families of the state (hat tip to Steve Fine).