Senate Finance Committee Chairman Max Baucus has released a detailed proposal for international corporate tax reform, which we summarized earlier this week. While there are some improvements to current law, the proposal...
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- A Letter to the Washington Post in Response to Governor O'Mall...
A Letter to the Washington Post in Response to Governor O'Malley's Op-ed
Here's a letter to the Washington Post:
Governor O'Malley paints a rosy picture for businesses in Maryland (Opinions, Sept. 17). He even suggests that the Tax Foundation has positive things to say about the state tax code, and then cites one isolated figure from one of our reports that looked at one class of businesses.
But virtually every other ranking we produce shows Maryland doesn't stack well against Texas. Our State Business Tax Climate Index ranks the state 39th best while Texas scores 9th best. Maryland’s overall tax burden is 12th highest, while Texas ranks 45th highest. Maryland’s corporate and individual income tax rates are among the highest in the country, and the state seems eager to pass new levies like the now-infamous “rain tax.”
The debate between tax rates and government services they render is important, but we should start that debate with facts, not obfuscation.
Scott W. Drenkard
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About the Tax Policy Blog
The Tax Policy Blog is the official weblog of the Tax Foundation, a non-partisan, non-profit research organization that has monitored tax policy at the federal, state and local levels since 1937. Our economists welcome your feedback. If you would like to send an e-mail to the author of a blog post, please click on that person's name to locate his or her e-mail address or visit our staff page here.