Friday Five | October 29, 2021

A recap of this week’s top-five news items and resources from the intersection of business and government.

1. Biden unveils $1.75 trillion spending plan, but divisions delay economic agenda

President Joe Biden revealed yesterday a new $1.75 trillion package to repair the country’s healthcare, education, climate and tax laws. But the revision in his social spending bill did not prove enough to advance his broader agenda, a separate $1.2 trillion package investing in our nation’s infrastructure. Biden hoped this new $1.75 trillion framework would accelerate a vote on the companion bill but the plan for a tentative vote was scrapped by Thursday night.

In addition to details of the new spending plan, White House officials also revealed how the package would be fully financed. They aim to pay for the package through a variety of new tax policies, including increasing the minimum corporate tax to 15%, to prevent multinational corporations from using creative accounting to lower their tax burdens to zero. But, there is still a long wait ahead before lawmakers turn their deal into a bill.

Read the full story here.

2. Hogan talks economic recovery at State of Business Address 

Governor Larry Hogan spoke at the seventh annual State of Business Address in Anne Arundel County on Tuesday afternoon, looking back at both the challenges and economic wins he faced during his seven years in office. Hogan emphasized Maryland was ranked the fourth-best economy in America with the best recovery from what has proven to be his biggest challenge, the COVID-19 pandemic. He also took the opportunity to highlight state projects that will aid our economic recovery by creating more than 20,000 jobs and touched on his relationship with the state legislature.

“We’ve got 14, 15 months left in the term, 90 days of that is going to be spent with the legislature,” said Hogan. “And we’ll try to get some things done together with them and reach across the aisle.”

Read the full story here.

3. Maryland’s struggling child care providers see delay in state rollout of COVID relief funds 

The Maryland State Department of Education missed its Sept. 30 deadline to process $155 million in federal grants to help child care providers suffering from the adverse effects of the COVID-19 pandemic. Maryland’s child care industry has endured hundreds of closures and significant financial losses since the pandemic began in March 2020. Providers have reached out to the state comptroller and state and federal lawmakers with an outcry for help, desperate for a new deadline to receive funds necessary to run their business. As of Oct. 8, the education department has nearly processed $100 million of the $155 million in grant funding and anticipates completing all payments by the end of the month. Read the full story here.

The Maryland Chamber of Commerce has identified increasing child care availability as one of our top legislative priorities for our upcoming session. We are committed to finding solutions to our state’s child care shortage that will allow more Marylanders to get back to work. Join our Action Network, and be easily connected with your representatives in just one click! Make your voice heard during the 2022 legislative session. Join now.

4. Citing lack of diversity among candidate, Hogan re-advertises vacancy for Maryland’s highest court 

Governor Larry Hogan has extended the deadline to apply for the upcoming vacancy of Judge McDonald’s seat on the state’s highest court, the Court of Appeals, to Nov. 18. McDonald will soon turn 70, the age at which Maryland law requires state judges to step down from the bench. The vacancy was initially posted online on Sept. 22, with a closing date of Oct. 19. During that time, six of the initial seven applicants were men, and all appeared to be white. In light of this, Hogan extended the application deadline to attract a broader candidate pool to ensure diversity among the state’s judges.

Read the full story here.

5. Overwhelmingly majority of Marylanders likely to get a booster shot 

According to the Goucher College poll released Wednesday, 83% of vaccinated Marylanders said they probably will get a COVID-19 booster shot as soon as they become available, and 15 percent said they are not likely to. The poll follows a recent announcement by state officials earlier this week strongly encouraging vaccinated residents, particularly those with underlying conditions, to get a booster as soon as possible. Poll findings suggest there is little resistance to booster shots among Maryland residents, regardless of race, but significant differences based on political ideology.

Read the full story here.

Request a vaccine mobile unit at your business – The Maryland Dept. of Health will deploy mobile vaccination clinics for businesses interested in providing vaccinations to their employees and the community.



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