Tuesday, November 20, 2007

Maryland's $1.4 Billion Tax Hike

Yes Virginia, our neighbors across the Potomac are crazy.

Maryland Governor Martin O'Malley, the bum who had a mediocre tenure as Mayor of Baltimore, recently got the enormous Democratic majority in the Maryland state legislature to pass a $1.4 billion tax hike.

See, Maryland, this is what you get when you get rid of a popular incumbent Republican Governor in Bob Ehrlich just because he had an "R" next to his name. Ehrlich had done wonders for the state without having to resort to tax increases. Now, Maryland has earned themselves this huge tax hike.

See, Maryland was facing a $1.4 billion revenue shortfall, so instead of being fiscally wise and trimming down the budget, that simply passed a tax increase that covered the shortfall.

Also passed last night was legislation to allow 15,000 slot machines to be installed in 5 different race tracks in the state of Maryland. This was a measure that former Governor Ehrlich supported and managed to win public support for the idea...and now this is being trumpeted as some kind of victory for O'Malley!

Oy! It's times like this that I'm glad I no longer live in my birthplace.


Thomas said...

Yes indeed. Also, I have read that I have to now charge my customers a 6% sales tax for computer consulting starting in 2008. I haven't confirmed that with my accountant but I don't doubt it. Words that I say will now be milked by my state on both sides of the transaction. I guess this is the first major step into a socialist Maryland. How high is too high with taxes? I guess they would do 65% total if they could, then maybe 80% just for extra cash. That would be plenty of budget for state employees to enjoy and keep pushing back their project deadlines while relaxing with extra time off. Excessive Entitlement Programs are also the key problem here. We took two steps forward with Bob Ehrlich and now it's 5 steps backward with Martin O'Malley. It's a GREAT time to be a young entrepreneur here (sarcasm).

Phil Chroniger said...

Considering that O'Malley is eyeing a possible run at the presidency in 2012, I would love to see him fall on his face nationally by running for president...it would shed a lot of light on his already-poor record as governor, even though Dem pundits praise this man as something great.

You are correct, Maryland took 2 steps forward with Ehrlich, and now they've taken 5 steps back.