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Maryland Gas
Tax Hike |
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Gov.
Martin O’Malley proposed increasing Maryland’s gas tax.
In the
Maryland
Transportation Financing and Infrastructure
Investment Act of 2012 he proposes an increase by by 6
percent.
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Maryland
currently has a flat gasoline tax of 23.5 cents per gallon
(which has been in place for 20-year). |
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The Governor
wants to use the increased tax revenue to generate at least
7,500 annual construction jobs and reduce congestion on
nearly every major state artery. He referenced more than $10
billion in road and transit projects. |
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The proposed
tax increase does not seem to have the support it needs to
become law at the moment. If it does become law it will
adversely impact all businesses in Maryland by raising the
cost of doing business.
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Sources:
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By
Jack River |