"Our country faces a fundamental choice," McNish adds. ANNAPOLIS, Md. "Technological innovation is the major factor driving
economic growth.

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credit proposals

Last year, FoodChange prepared
nearly 37,000 returns and secured $75 million in tax refunds.
"As people of conscience, we cannot accept a budget that changes the rules
governing Social Security, the tax code, and eligibility for basic services in
ways that increase inequality and poverty. has included $6 million in the FY 2007
budget for the biotechnology tax credit.

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We help them capture and
maximize all the tax and income-supporting benefits to which they are
legally entitled. Cuts in federal aid to education and changes to the rules
governing Social Security, the tax code, and eligibility for basic services
will lock in increasing inequality and poverty in the United States, where 36
million people already struggle to survive at the poverty level."
Supporting the growth of technology and biotechnology businesses is among
the top strategic priorities of the GBC, a prominent business development and
advocacy organization with more than 500 members in the Baltimore region.

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At stake are competing visions of good society .

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FoodChange operates the largest free tax preparation program in the country
and helps low -income Yorkers claim The Earned Income Tax Credit (EITC), the
largest anti-poverty program in the country, which provides billions of
dollars annually to low-income wage earners. "Shouldn't our nation commit ourselves anew to our Constitution's
promise to form a more perfect union, establish justice , promote the general
welfare, and secure the blessings of liberty to ourselves and our posterity? "
This year's budget decisions will have profound and lasting consequences. It also sets a $50 ,000 cap on the total tax
credit that an individual investor could receive on a single investment .

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For the fifth consecutive year,
FoodChange will offer free tax preparation services to qualifying New
Yorkers.5 billion into our City."

For a complete listing of Free Tax sites, please call 1-866-WAGE-PLUS or
311.
"President Bush has presented a budget to Congress that eliminates or
severely cuts dozens of programs," states Mary Ellen McNish, head of the
international social justice organization, The American Friends Service
Committee. A free action kit will be
available on the campaign's website.

Greater Baltimore Committee Urges Lawmakers to Bolster State Tax Credits for R+D and for Biotech Investments

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Ehrlich, Jr.

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American Friends Service Committee Warns Proposed Federal Budget Cuts Threaten Economic Health and Security for Millions of Americans

S.

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FoodChange works in partnership with hundreds of community-based
organizations and government agencies to get the word out.
"These tax credits are vitally important tools for nurturing growth among
technology companies," said GBC President Donald C.

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FoodChange's tax preparation sites are located in
all five boroughs and are easily accessible by public transportation.

For more information, visit www . The existing law allows for investors
to receive a 50 percent tax credit on eligible investments in a qualified
Maryland biotechnology company.

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PRESS RELEASE FoodChange Opens Free Tax Preparation Sites Citywide

foodchange. "They also would
help generate strong growth of biotechnology start -up companies seeking to put
the state's vast amount of academic research activity to commercial use .
The GBC offered testimony on March 1 to the Senate Budget and Taxation
Committee in support of two measures, SB 218 and SB 700, that would increase
to $12 million the aggregate amount of research and development tax credits
available in FY 2007.

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All
the 11 sites have bilingual Spanish-speaking tax preparers and many have
tax preparers who speak other foreign languages.
To call attention to this growing threat to economic security, the
American Friends Service Committee, an international social justice
organization, launches Save Our Services (SOS!), a campaign that supports a
federal budget that strengthens programs vital to health and well-being. "Should the United
States revert to a pre-New Deal era where people are left to fend for
themselves in the face of poverty, low wages , sickness, old age, and
increasingly insecure jobs in the global economy?"
The effort includes a new online "blog" where people can share their
visions of a good society and budget priorities , and public advocacy for a
budget that reflects widely shared values.
SB 219 would cap the tax credit on a single investment by an individual at
no more than 10 percent of the total amount of tax credit funding available in
a given year.

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The
law allows investors who are corporations or venture capital firms up to a
$250,000 tax credit on a single investment.

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org

PHILADELPHIA , The stage is set for one of the most
heated budget debates in years.
Cuts to federal programs -- like food stamps, Medicaid, and public housing --
will endanger the already precarious economic security of millions of U.
"Millions of Americans can't find jobs and millions of workers can 't make
ends meet because of low wages," says SOS! campaign director, Roberta Spivek.

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FoodChange , a New York City-based nonprofit
organization, announced the successful opening of its 11 free tax
preparation sites across the five boroughs.

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Founded in 1980, FoodChange provides emergency meals
to New York City's hungry children and adults.
The increase would allow Maryland to remain competitive with 34 other
states that offer some form of research and development tax credit, GBC Vice
President Devon Dodson told Budget and Taxation Committee members."
The committee is also hearing another administration bill supported by the
GBC, SB 219, that would increase the amount of tax credit that individuals and
corporations could receive on a single investment in an emerging biotechnology
company.

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families."
The recent U.

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FoodChange is expected to file
more than 40,000 tax returns this year. "Our goal this year is to reach out
to the 200,000 New Yorkers eligible for the EITC who don't claim the
credit, and put extra tax dollars into the hands of hard -working New
Yorkers. Last week Mayor
Bloomberg toured the largest and busiest tax site in the country,
FoodChange's Harlem office, stating, "New York City runs the largest EITC
campaign in the country.

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Fry. A corporate investor or a venture capital firm could receive up
to 20 percent of the total available tax credits.
Governor Robert L.

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"

To be eligible for FoodChange 's free tax preparation services, a person
must have earned $40,000 or less in 2005 with dependents , or $20,000 or
less with no dependents.

About FoodChange

FoodChange's mission is to improve lives through nutrition, education, and
financial empowerment. presidential election exposed a fundamental rift between
those who support the privatization and shrinking of Social Security and other
federal programs, and those who support a strong public-sector role in
providing for the common good.

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"We're excited to kick off the 2006 tax season," said Steven Lee,
FoodChange 's Director, Income Policy.S., The Greater Baltimore Committee is
urging state lawmakers to increase the amount of tax credits available in
Maryland for investment in research and development.

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The GBC also supported legislation that would increase the amounts of tax
credits individuals and companies could receive for investing in emerging
biotechnology companies. The tax
credit "is an important state tool to attract and retain technology businesses
in Maryland," he said.
The biotechnology tax credit was passed in 2005 by the General Assembly,
but provided for no funding mechanism.

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It accounted
for 73% of all free tax returns prepared in the New York area. Nearly 800 ,000 New Yorkers claimed the EITC in
2004, bringing more than $1.

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