Perman: Tax Reform Bill Harmful To UMB

November 17, 2017    |  

In an open letter Nov. 17 to the University of Maryland, Baltimore (UMB) community, UMB President Jay A. Perman, MD, addressed concerns about the Tax Cuts and Jobs Act passed Nov. 16 by the U.S. House of Representatives. Here is the text of that letter:

Nov. 17, 2017
To the UMB Community:
I know many of you are concerned about the Tax Cuts and Jobs Act, passed yesterday by the U.S. House of Representatives. The leadership of UMB and of the University System of Maryland (USM) share those concerns. In a letter signed last week by Chancellor Caret and every USM president, we outlined to all eight of Maryland's representatives the provisions to which we object.
I sent a similar letter to Maryland's congressmen early this week, which conveys my concerns regarding the bill's potential harm to UMB's revenue and operations and, most importantly, to our students, employees, and alumni.
We will continue to engage with Maryland's congressional delegation as tax reform legislation moves forward, and I encourage you to add your voice to this debate.

Jay A. Perman, MD