Maryland Special Session: Delegate Ready Fights in Special Session to Encourage Real, Lasting Job Growth

Delegate Ready Fights in Special Session to Encourage Real, Lasting Job Growth

Annapolis – Delegate Justin Ready (R-5A) has introduced two bills in the House of Delegates to address Maryland’s stagnant economy and nation-worst rate of job loss. The bills were introduced by Senator E.J. Pipkin in the State Senate and are part of a “Jobs Package” to encourage private sector business growth in Maryland. “While I do not believe we should be having this special session to address gambling, there is no question that jobs are leaving Maryland. If anything, that’s the “emergency” we should be focused on here,” Delegate Ready said. Both bills are aimed at reducing the 8.25% business tax rate and using additional tax credits to incentivize out of state and international investment into Maryland’s smaller, rural counties. Delegate Ready has brought these bills to the House in an attempt to put light on serious economic issues facing the state.

“Since my first Session in 2011, I have tried to promote and support policies to encourage job growth in Maryland, particularly in the private sector. Governor O’Malley has talked before about Jobs, Jobs, Jobs, but other than occasional bursts of government spending on temporary projects like road construction, his administration has failed to take action,” continued Ready. “This Special Session could be used as a rare opportunity to re-visit and correct our state’s punitive tax and regulatory policies that are suffocating small business.”

In July, the Washington Times reported that Maryland was the worst among the nation for job loss in the first six months of 2012. TheMaryland Gazette has also reported that venture capital in Maryland has plummeted to its lowest levels in sixteen years.

“Right now we are looking at the exact “doomsday” scenario that my Republican colleagues and I have warned about – job loss, and businesses leaving Maryland. Now is the time to choose progress and correct course,” Ready concluded.

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