Though he’s listed as chief sponsor of a bill that would cut Maryland’s estate tax, Senate President Mike Miller said Wednesday he only “reluctantly” supports his legislation, and its House equivalent, which delegates passed last week.
But, Miller said, it is important to keep Maryland’s rate competitive to those of other states.
“The fact is that we’re not [just] losing people to Florida,” Miller said, after the Senate gave preliminary approval to SB 602.
“We’re losing to Delaware, we’re losing to Virginia, North Carolina, we’re losing to Tennessee. I wish those states hadn’t abolished their estate tax, but they have. We’re in competition to keep our Marylanders home.”
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4 comments:
The man is full of sh..t. It is he that is of the age now to protect his personal wealth from the State. It was always of when they were taking someone else's money.
A few have found enough common-sense to realize that the state's policies are part of its own undoing.
They're reluctantly and slowly fixing it.
Mr. Miller... wake up and smell the roses... and you are losing the "competition"...
Too little, too late! Maryland is not longer competitive unless you are talking about taxation, then Maryland leads the way! They think they are so smart.
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