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Maryland lawmakers seek to raise $1 billion through new business tax

Washington Post
Summary
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83% Informative

Maryland lawmakers propose a 2.5 percent tax on business-to-business services in two identical bills introduced Monday night .

The measure is aimed at raising more than $1 billion that counters Democratic Gov. Wes Moore ’s plans for closing a budget deficit.

Republicans in Annapolis say the bill would make the state less competitive.

About 1 in 4 people making between $75,000 and $100,000 would have paid more on their tax bills.

Moore also recommended discontinuing the state’s inheritance tax, instead expanding the number of people eligible for the estate tax.

His plan also would raise taxes on sports betting, table games and cannabis sales.

VR Score

87

Informative language

88

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43

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formal

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English

Language complexity

65

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short-lived

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