Maryland's proposed tax threatens small business viability

Maryland lawmakers are considering a new 2.5% tax on essential business services, which could significantly impact small businesses. Many owners estimate costs could reach $150,000 annually, threatening their profitability and competitiveness. The proposed tax may also lead to higher prices for consumers, affecting costs for health care, child care, and retail goods. Business owners warn it could force job cuts or relocations to states with friendlier tax environments. Maryland currently ranks low in business tax climate, and critics argue this tax would worsen the state's economic situation. They advocate for policies that support business growth instead of imposing new taxes.