Today, exactly halfway through the legislative session, two of Gov. Martin O’Malley’s high-profile business initiatives took significant steps forward.
The governor, by the way, was not on hand to see them – he’s in Iraq, visiting soldiers.
While he was away, his unemployment insurance legislation appeared to move toward compromise, with business groups saying a host of proposed amendments address most of their concerns. The governor’s plan would have expanded benefits to qualify the state for $126.8 million in federal funds. The amendments reduce benefits by about the same amount. See our brief story here and stay tuned for more coverage.
Earlier in the day, the Senate passed a job creation tax credit proposal championed by the governor. The amended bill upped the credit from $3,000 to $5,000 for each unemployed worker hired by Maryland companies.
Del. Kumar P. Barve, D-Montgomery, said Friday he expects the House to make a similar change to the plan.
The Senate bill passed 47-0.