ANNAPOLIS, Md. – The members of the House Republican Caucus stand firm in their opposition to increasing taxes on the hardworking citizens of Maryland. While Governor Moore’s budget does not increase taxes, his agencies and departments are pushing for increased regulatory fees at an alarming rate. Legislation is pending to raise a number of fees, and it appears many General Assembly Democrats are itching to hit the tax hike button. Marylanders need to know what the General Assembly is considering.
House Bill 754 seeks to repeal the trade-in allowance under the State’s vehicle excise tax, eliminating a crucial benefit for citizens when purchasing vehicles. This will inflict higher costs on Maryland families who need to buy a car in this age of rapid inflation and impact small businesses involved in taxable vehicle transactions. The proposed repeal of the trade-in allowance in House Bill 754 will strip citizens of a vital tax advantage, resulting in an immediate increase in the overall cost of buying a vehicle and depressing economic activity in Maryland.
House Minority Leader Delegate Jason Buckel, expressed strong concern, stating, “The proposed repeal of the trade-in allowance in House Bill 754 is a bad idea for Maryland’s citizens and families. Over the next five years, analysts estimate this bill will pull $976 MILLION out of our economy and out of the pockets of anyone buying a vehicle in Maryland. We urge lawmakers to reconsider the negative impact this will have on our residents and the businesses that rely on fair and sensible tax policies to thrive.”
Similarly, House Bill 925 aims to increase the State’s vehicle excise tax rate from 6.0% to 6.5%, directly imposing a burdensome tax hike on Marylanders during this tough economic cycle. This aggressive tax increase will immediately escalate the overall cost of vehicle transactions, impacting individuals and businesses alike.
House Minority Whip Jesse Pippy asserted, “Raising taxes, especially during these challenging times, is wrong. House Bill 925 will impose an unnecessary strain on the wallets of hardworking Marylanders, costing them $492 MILLION over the next five years. Higher taxes for Maryland’s middle-class families are not the answer to Maryland’s budget issues.”
These two “taxes of the week” would strip nearly $1.5 BILLION out of Marylander’s wallets over the next five years.
More reasons to rid ourselves of democrats
I wonder if, this year, Maryland will become a pro-= choice state and allow sidewalk counselors at all abortion offices access to patients walking in to offer them options/ alternatives? I wonder if, this year, Maryland will address that running red lights + speeding are unverifiable traffic citations, a denial of due process, because you can’t go back and check a red light + you can’t check your speed after you’re stopped?
the steep cigarette price includes a 2.00/ pack tax. I wonder if the tax isn’t posted because its enough to make some stop. Its very hard to quit smoking, they’re staring you in the face everywhere you go, you have to go on a fast food regimen.