Annapolis (March 7, 2014) – The National Federation of Independent Business (NFIB), which represents thousands of small business owners in Maryland, today urged members of the House to reject a proposal to raise the state minimum wage by nearly 40 percent.
“Small business owners can’t wave a magic wand and increase their sales by 40 percent,” said NFIB Maryland State Director Jessica Cooper. “They can’t reduce their taxes. They can’t reduce their health care premiums. They can’t reduce the cost of supplies or the cost of utilities or any of their other expenses.
“What makes politicians in Annapolis think that small businesses can absorb an increase this big,” she continued.
The House is expected today to vote on a bill to increase the minimum wage to $10.10 per hour, a 39 percent increase over the current rate of $7.25. If it passes, creating an entry-level job in Maryland will cost almost 40 percent more than it does in Pennsylvania, Virginia and the Carolinas. And it will be more than a dollar higher than Delaware, where lower taxes and fewer regulations already make it more attractive for businesses than Maryland.
“We’re already ranked among the worst states in the country for business and this won’t improve our reputation,” said Cooper. “We can’t afford to keep doing this. We can’t afford to keep adopting policies that alienate business investors and small business owners in Maryland because ultimately they’ll go where they feel welcomed.”
more information about NFIB please visit www.nfib.com.