the Voice of
The Communist League of Revolutionary Workers–Internationalist
“The emancipation of the working class will only be achieved by the working class itself.”
— Karl Marx
Aug 29, 2022
Baltimore politicians have given millions in tax breaks since 2013 to developers for building very expensive luxury apartments, according to a recent city report. The “High Performance Market Rate Rental Tax Credit” cuts property taxes to next to nothing for investors spending more than $60,000 per apartment to build deluxe housing. This tax rebate cost the city over 20 million dollars this year alone. Other tax breaks for property developers cut another 42 million dollars from the city budget.
Some of the penthouses and other apartments getting the Market Rate tax break rent for $4,000 or $8,000 a month.
Working class people pay high property tax rates in Baltimore. Wealthy developers get breaks! This is why politicians claim they can’t find money for schools, bridge repairs, or other services we need.