Business taxes and economic competitiveness
Maryland's Chamber of Commerce and business community are focused on ensuring that state tax policy supports business creation and retention as the state faces budget deficits. There is ongoing debate about whether new taxes on businesses to close budget gaps would harm Maryland's economic competitiveness or whether large corporations should pay more to support public services and workforce development.
How should Maryland tax businesses to balance the budget while remaining economically competitive?
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Sources
Maryland Chamber of Commerce — https://www.mdchamber.org/2025/12/09/2026-legislative-priorities-and-critical-issues
Tax policies that promote business creation and retention generate critical economic opportunities for all Marylanders. Policies that promote business creation and retention expand Maryland's tax base and ensure sustainable revenue streams.
Office of Governor Wes Moore — https://governor.maryland.gov/priorities/session-results
Our 2026 legislative agenda expands opportunity for all Marylanders — making strategic investments in education and industries of the future and advancing bills to lower energy and housing costs – all without increasing taxes.
Positions on this issue · liberal → conservative
- Raise corporate taxes significantly — large businesses should contribute more to fund education and public services.
- Modestly increase taxes on the largest corporations and close loopholes while protecting small businesses.
- Hold business taxes steady while reviewing spending efficiency before making any changes.
- Cut business taxes to attract investment and expand the tax base, offsetting revenue through economic growth.
- Dramatically reduce business taxes and regulations to make Maryland one of the most competitive states for investment.