Thursday’s List: Recession? I know, let’s raise taxes…

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Thankfully, Maryland’s top leaders have enough sense to realize that the middle of the worst recession since the Great Depression is not the ideal time to raise taxes. And, of course, November’s election didn’t hurt either.

But that didn’t stop some of our friends on the left from identifying a slew of tax increases as the perfect solution/accompaniment/accelerant for the Great Recession.

Most of these bills already have been rejected by more moderate voices in the General Assembly. But we thought you might like to see what some of our elected officials have been up to this year. Makes you wonder.

Design by Christopher Attenborough

House Bill 584: Delegate Justin Ross and others would mandate “combined” reporting on corporations doing business in Maryland. Fiscal analysts predict the tax change would prompt companies to pay more than $100 million in additional tax revenues to Maryland next year.

Senate Bill 354: Senator Paul Pinsky and others have put in their own version of the combined reporting tax change.

House Bill 1177: Delegate Jolene Ivey and others would make permanent the temporary surcharge imposed for three years on taxpayers with income in excess of $1 million. The surcharge is due to sunset after this year. The proposal would raise an additional $27 million in the fiscal year starting July 1, and more than $70 million the year after that.

Senate Bill 913: The Senate has its own version of the millionaire surcharge legislation, too. Unlikely the House, the Senate version – introduced by Senator Verna Jones – would add four more years to the temporary surcharge, rather than making it permanent.

House Bill 10: Delegate Roger Manno proposes doing it all. His bill would make permanent the temporary income tax surcharge, and push through combined reporting on corporations.

House Bill 832 / Senate Bill 717: The House and Senate are considering identical version of the legislation to increase the state tax rate for alcoholic beverages from $1.50 to $10.03 per gallon for distilled spirits; from 40 cents to $2.96 per gallon for wine, and from 9 cents to $1.16 per gallon for beer.

House Bill 621: This bill – which has now been wirthdrawn by its sponsor, Delegate Barbara Frush – would have imposed a surcharge of $5 on each ton of commercial fertilizer distributed in Maryland.

House Bill 351 / Senate Bill 462: The House and Senate are considering identical versions of a bill requiring stores to charge and collect a fee of 5 cents per disposable bag provided to a customer.

House Bill 479: Delegates Charles Barkley and Bill Bronrott are proposing to increase the gas tax by 10 cents a gallon, phased over the next five years at 2 cents gallon

House Bill 969: In this version of a gas tax increase, Delegate Barkley and others would increase the rate by one-half cent a gallon and link future increases to the Construction Cost Index – limiting the annual increase to now more than one cent per gallon. Senate Rich Madaleno has his own version of an indexed gas tax increase (Senate Bill 827).

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