corporate taxes | WYPR

corporate taxes

Rachel Baye

Let’s say you buy a new TV for $500 dollars. Maryland’s current 6-percent sales tax would add $30 on top of that.

Democratic gubernatorial nominee Ben Jealous announced Thursday that if elected, he would cut the state sales tax to 5.75 percent, saving you $1.25 on that TV purchase.

Rachel Baye

Because of the way Maryland’s tax laws are written, recent changes in federal tax law could lead to sharp increases in state taxpayers’ bills. The governor and leaders of the state legislature all say they plan to look for a way to cushion that blow, and the Democrats in the legislature revealed at a press conference Tuesday how they plan to do that.

News Director Joel McCord and Karen Hosler, of the WYPR news team, examine Maryland Congressman John Delaney's plan to cut corporate taxes and raise trillions for repairs to the national infrastructure.