Creating small business growth and jobs continues to be the subject of debate for Maryland gubernatorial candidates, as former governor Robert Ehrlich has unveiled what he called “The Entrepreneur Agenda.”
Among the many parts of his plan was the creation of a “Small Business Bill of Rights,” which would require regulators to be fair and timely, and a proposed reduction of the corporate income tax.
Ehrlich has also previously announced a desire to repeal a 1 percent sales tax increase passed in 2007.
Small business discussions have dominated the election so far, and Ehrlich wasn’t the only Republican to voice his plan for small business in recent days. Brian Murphy, who will run against him in the primaries, has proposed eliminating the corporate income tax altogether.
Current Governor Martin O’Malley recently announced the formation of a special commission to help facilitate small business growth and proposed a new $100 million venture capital fund to help entrepreneurs start a corporation in high-tech areas.
The governor’s office says more than half of all private-sector employees work for small businesses, and that small businesses account for 97 percent of all companies in the state.
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