- Post 27 June 2012
- By Copy Editor
Annapolis: The Baltimore Business Journal reported today that The National Association of Manufacturers has ranked Maryland as one of the top ten states most likely to be affected by federal defense cuts. The result of these cuts could be the loss of up to 40,000 private sector jobs by 2014.
"The time is now for Maryland to get serious about stimulating private sector job growth, particularly unshackling our small and medium sized businesses from high taxes and regulations," said Delegate Justin Ready (R-Carroll). "Maryland has suffered sluggish job numbers under the O'Malley administration, but has been fortunate compared to other states in this recession because our private sector firms have been able to procure contracts from the federal government. However, that means that Maryland will face substantial losses in tax revenues as the federal government inevitably retrenches," Ready continued.
Delegate Ready and the House Republican Caucus have been outspoken about the need to stimulate Maryland's economic growth by easing the tax burden and regulations on small businesses. "We've warned the Democrat majority that we must make Maryland a destination for businesses that are not dependent on government, because spending at both the federal and state level cannot continue to escalate," said Ready. "That's why I've been proud to sponsor legislation to reduce the business tax rate and also improve and open up our state's procurement process to make it more accessible for our small businesses."
"In the next Session, I plan to continue the fight for our hard-working Maryland job creators and their employees. We can make Maryland tops in business friendliness, just like our high ratings in education. But it's going to take a focused effort from General Assembly leadership and the Governor," Ready concluded.