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Executive Records, Governor Spiro T. Agnew, 1967-1969
Volume 83, Page 481   View pdf image (33K)
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KIWANIS INTERNATIONAL, PASADENA 481

State's economy by putting more spending power in the pockets of
people least able to pay more taxes. We have created economic de-
velopment incentives by financing more key services at less cost to local
governments. We have provided security for the elderly and equity for
the homeowner. We're proud of fiscal reform for all it has accom-
plished and we've just begun to fight!

Business taxation requires reform too and the augmented Hughes
Committee on Taxation and Fiscal Reform with both citizen and legis-
lative representation from Anne Arundel County is attacking this
problem. Right now we have crazy taxes on business relating to gross
profits and inventory; we have a sales tax on machinery and equipment
that is inhibiting industrial development in areas where we need it
most. We must rearrange our business tax structure and relate it to
ability to pay so that the business carrying a big inventory due to slack
sales is not penalized; so that the firm with a deceptively high gross
profit but an actually low net profit is given a break. We must make
business taxation uniform and the tax burden more nearly equal
throughout the business community.

Two other areas currently under study with major legislative pro-
grams planned for introduction before the 1968 General Assembly are
of special interest to you as Anne Arundel residents.

We have established a Committee on State Highway Financing to
prepare recommendations to extricate our road construction program
from its current, critical financial straits. The failures of the Six-Year
Secondary and Primary Road Construction Program are well-known
and agonizing. Again this is an "inherited" problem, one we did not
create but cannot ignore. I am looking to this Committee and the State
Roads Commission to devise new solutions, designate new alternatives,
determine new financing formulae. I am determined to get Maryland's
road construction programs moving again—and moving first and fastest
right here in Anne Arundel County.

Of course, we have made great progress... the second Bay bridge
and Baltimore Harbor tunnel are important to all of Maryland, but
especially important to this County's growth. I cannot resist the op-
portunity of noting that, while a parallel span is essential to a
great Maryland and great for you, it will not, in spite of the claims of a
certain Congressman whose short views belie his last name, mean any
profit to me. For while I have great affection for my adopted county,
I will not profit in dollars from its growth.

 

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Executive Records, Governor Spiro T. Agnew, 1967-1969
Volume 83, Page 481   View pdf image (33K)
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