Md. CEOs Want To See State Tax Reform, Spending Efficiency

The CEOs of Maryland’s major businesses have found the “elephant in the room” that stands in the way of economic growth here: the state’s non-competitive tax structure.

That was the conclusion of a report on Maryland competitiveness by the Greater Baltimore Committee released Wednesday. The finding came out of a survey of 250 Maryland CEOs and a June conference with a smaller group of 50 executives.

“Maryland’s tax structure stands out as our state’s single, most-cited business-climate deficiency in the opinion of chief executives who participated in the GBC’s Chesapeake Conference and in the majority of published business climate rankings, most of which rank Maryland high in other categories,” said the report’s executive summary.”It is the ‘elephant in the room’ in any discussion of Maryland’s business competitiveness and it detracts from the state’s many significant strengths as a business location.”
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