From the office of Del. Mary-Dulany James:
I hope everyone is enjoying the spring as the school year starts to wind down and we all look forward to summer!
I read an article in USA Today the other day that discussed taxes, something in the forefront of all of our minds. I have included a link to the article below but want to put it in context of Marylanders. As a result of the Special Session, over 80% of Marylanders are paying less in taxes because of the increase income tax deduction, even when the sales tax increase is included. That coupled with the 10% income tax cut during Governor Glendening, and the tax cut under the previous President all means that Marylanders are paying less in taxes than they did a decade ago.
To read the full article click the link: Tax bills lowest since ’50s
In reading the article I found the following figures especially interesting. In 2009, taxes; including sales, income, property, and others consumed 9.2% of all personal income. This is significantly lower than the average for the last 50 years which was 12%. Also, taxes paid have fallen much faster than income in this recession. Personal income fell 2% last year. Taxes paid dropped 23%.
As a member of the budget committee I have spent the last several years looking for ways to cut spending while maintaining the programs and services we all need and deserve. It is good to see when cutting spending pays off in a big way and people are shouldering less of a tax burden. I recognize that there are many challenges ahead including more budget reductions, economic growth, and job creation. I will not stop working on these things until this recession is over and Marylanders have seen a full economic recovery.
Another article that is a bit older but I feel it is important to share is about Job Creation in Maryland. You can read the full text by clicking here. The article is from mid-April and discusses the high number of new jobs in Maryland. It is encouraging to see that while our unemployment rate is still too high, real progress is being made and people are getting back to work.
As always, please contact me if you have any questions or comments by replying to this email or calling my office at (410)841-3331.
Very Truly Yours,
Harford and Cecil Counties