Governor O’Malley’s proposed $35.9 BILLION BUDGET

A “balanced approach” budget introduced this week with many taxes & fees are another burden on citizens out of work and barely getting by.  The $7.5 billion in “historic cuts” over the last six years is really Maryland’s budget growing by at least $1 billion every year since 2007, the largest in Maryland’s history! 

A recent poll shows 96% of Marylanders believe they’re paying ENOUGH in taxes.  Reduction/elimination of exemptions/deductions on personal income taxes will affect many small businesses because 93% are LLC’s and business owners file taxes as individuals.  Of all the jobs in the state, 54% come from small businesses and every additional dollar paid in taxes/fees is a dollar less to create a new job.  The Gas Tax will increase the price at the pump by 20 cents or more per gallon. These budgets use taxpayer money to pay for abortions, which I oppose.   I will vote against this budget! 

 ·       Limiting Itemized Deductions: Individuals making >$100K  ---  Couples making >$150K

·       Limiting/eliminating Personal Exemptions:  Individuals making >$100K  ---  Couples >$150K

·       Reducing itemized mortgage deductions and charity deductions for > 400,000 Marylanders

·       “FLUSH TAX” (doubled at least)

·       Recordation Taxes on Indemnity Mortgages

·       Repeal Maryland-mined Coal Credit

·       “Amazon Tax” - sales tax on internet sites  

·       Tobacco Products Tax -- 70% Increase

·       “App Tax” - sales tax on digital products

·       Precious metal, coins & bullion  ---  eliminate exemption

 Delegate Glen Glass
www.glen.glass@house.state.md.us