Maryland and Virginia Businesses Hit Hard by Taxes

Posted 8 years ago

taxesThe rising prices of fuel are taking on many casualties as of late. The sadder part of this story is that most of those who are affected are the ones who don’t have a lot of resources in the first place, such as small businesses and their employees. This is especially being felt by business owners in Virginia and Maryland today.

According to an article by J.D. Harrison for The Washington Post, “Smith’s company is one of many in the region bracing for an even steeper increase in gas prices, as state lawmakers in Maryland and Virginia recently approved new fuel taxes. Meanwhile, federal regulators are moving forward on new rules that could drive the price at the pump even higher nationwide.

In Maryland, gas taxes are expected to rise by about 4 cents a gallon starting in July. By mid-2016, legislative analysts estimate the tax will rise by 13 to 20 cents per gallon.”

Owners of small businesses are being forced to take measures that are affecting their employees a great deal.

You can read the full article here.

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