In the News: Cybersecurity, film could receive boost in state budget
Chamber of Commerce CEO Kathleen T. Snyder said efforts to make the state competitive for small businesses and well-paying industries such as cybersecurity should include a reduction in the personal income tax, which jumps significantly when an individual earns more than $100,000.
“If we’re serious about growing more jobs, we have to take a look at … how can we help young professionals come to Maryland or stay in Maryland as residents and take advantage of these innovative jobs that are here without having an overburdened system of personal income tax,” said Snyder, adding that she does not necessarily anticipate action on lowering taxes, either personal or corporate, to happen during this session.
