Showing posts with label taxes. Show all posts
Showing posts with label taxes. Show all posts

Monday, February 25, 2008

$2 Million Dollars?! What About Our Profits?!

The O'Malley Government is supporting a bill that would require power plants and other industries that pollute to pay air pollution fees so that the Maryland Department of Environmental Resources to use the money to hire 26 vacant spots for inspectors.
"We need to have adequate enforcement of our air pollution laws, and we don't have that - only 18 inspectors looking after 11,600 sources of air pollution," said Sen. Brian E. Frosh, a Montgomery County Democrat and sponsor of the bill. "That means more air pollution, which causes more health problems for people."

Critics of the legislation say that raising the fees on smokestacks would place an unfair burden on businesses and could lead to higher electric bills for a public already complaining about rate increases.
Here's the difference, the latter were just electric bill increases so that Constellation (who owns BGE) to make more profit. The former is a non issue, because air pollution affects everyone. You want to know a better idea? Outlaw all air pollution except for trace amounts.

Wednesday, January 02, 2008

One Cent Hike! Also, Other Tax Hikes in Effect!

With the State of Maryland in a constant budget crisis that seems to never end, I’m afraid that we will not see a real tax cut for the lower and middle class within our lifetime. With that in mind, Maryland’s sales taxes will rise from 5% (that’s 5 cents per dollar) to 6% percent (6 cents per dollar) tomorrow on Thursday. The hike will, according to the Maryland Governor’s Office, will generate about $900 million in addition revenue. The sales tax will make the state competitive to New Jersey, West Virginia, and Pennsylvania. The States I have mentioned already have a 6% sales tax.

Other taxes for cigarettes, vehicle titling, and corporations have already in effect as of New Years Day 2008. The tax for corporations has been raised from 7% to 8.25%. Taxes for cigarettes are now two dollars per pack. And vehicle titling tax was raised by 20% to 6 cents per dollar.

This article from Gazette.net has a convenient chart of the tax changes in full around the bottom of the page.