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Thursday, November 21, 2013

Md. Senate Leaders Forecast Some Business Tax Relief

State Senate leaders told a business group Wednesday that they expected to see some sort of small business tax relief in the coming legislative session, possibly coupled with an increase in the minimum wage.

Speaking to a Howard County Chamber of Commerce breakfast, Sen. Ed Kasemeyer, chairman of the Budget and Taxation Committee, said that a work group of his committee wants to “do something” on the subchapter-S small business pass-through tax rate. Pass-through tax businesses pay tax on business income at the individual rate.

“We just have a concept in mind” and no details, said Kasemeyer. The work group includes fellow Howard County Democrat Jim Robey, the new Senate majority leader and a budget subcommittee chairman, who also attended the breakfast.
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2 comments:

  1. AnonymousNovember 21, 2013 at 7:33 PM

    so these idiots.... who couldn't run a friggin lemonade stand... what to slap in the face then punch small biz in the stomach with tax relief... then increase the minimum wage!!! and as a side benefit....screwing you and me....who do these idiots think will pay for this? ....hell i can go to the red light sex shop and get a cheaper double ender then these morons are proposing

    ReplyDelete
  2. AnonymousNovember 21, 2013 at 10:55 PM


    Smoke, meet mirror!

    ReplyDelete

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