NFIB Reacts to Maryland Senate Committee’s Payroll Tax

Date: March 15, 2022

FOR IMMEDIATE RELEASE

CONTACT: Mike O’Halloran, NFIB State Director in Maryland, 301-335-1063 / [email protected]

ANNAPOLIS (March 15, 2022) – The Maryland Senate Finance Committee gave its approval today to a mandated paid leave insurance program that will be funded by a payroll tax on businesses and employees. The National Federation of Independent Business (NFIB) in Maryland, which represents thousands of small businesses in the state, reacted to the committee’s vote. The following comments are from NFIB’s Maryland State Director, Mike O’Halloran:

“It’s upsetting for Maryland small businesses to see the Senate Finance Committee press forward with yet another costly mandate on the backs of the state’s job creators. How does the Legislature think it’s good economic policy to levy a payroll tax on businesses and employees that will cost them $1.6 billion in year 1 when inflation rose 7.9 percent just last month, supply chain issues are driving up prices everywhere, and small businesses are still working their way back from a global economic crisis brought on by COVID?”   

About NFIB

For more than 75 years, NFIB has been the voice of small business, advocating on behalf of America’s small and independent business owners, both in Washington, D.C., and in all 50 state capitals. NFIB is nonprofit, nonpartisan, and member driven. Since our founding in 1943, NFIB has been exclusively dedicated to small and independent businesses and remains so today. For more information, please visit www.NFIB.com

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Related Content: Small Business News | Maryland

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