ANNAPOLIS (March 16, 2017): The National Federation of Independent Business (NFIB) is expressing profound disappointment with the Senate’s passage of Senate Bill 230 today. According to a study released earlier this year, the mandatory paid leave bill will cause tremendous distress to the Maryland small business community.
“Every step of the way we have educated lawmakers that this version of the bill will destroy jobs in our state. Today, those that voted in favor of mandatory paid leave in this form demonstrated that losing billions of dollars of economic output and 13,000 jobs by 2027 is inconsequential when compared to the rhetoric used by proponents,” according to Mike O’Halloran, NFIB Maryland State Director. “Unfortunately, even the smallest of businesses will be impacted by this legislation if it becomes law and it will certainly create a deterrent to hiring in Maryland, we have made that crystal clear.”
The study conducted by NFIB’s Research Foundation took into account the cost of complying with mandatory paid leave as well as the impact that paying workers for taking leave will have on employers. Of the noted job losses in the report, 57% would occur within the small business community.
“It is incredibly disheartening the Senate chose political rhetoric over sound policy,” continued O’Halloran. “What we should be focusing on is empowering job creators to increase hiring. The best way to do that is to reduce the regulatory burden but instead lawmakers have decided to go down a path that deters economic growth and disproportionately impacts the small business community.”
To view the report in its entirety, please click here.