Posted on 03/04/2012 12:22:32 PM PST by Lmo56
Maryland Senate Democrats have coalesced around a plan to jettison Gov. Martin O’Malley’s array of proposed tax increases on six-figure earners in favor of a simpler, but no less controversial, across-the-board hike to Marylanders’ personal income taxes.
A majority of the Senate’s Budget and Taxation Committee, which could vote on the plan as early as this week, said in interviews Friday that they have felt too much public resistance to O’Malley’s (D) plan to cut the state’s structural deficit by capping personal deductions and exemptions for residents making $100,000 or more.
O’Malley’s proposal has been derided by homeowners groups and lobbyists for real-estate agents and home builders. They have cast it as the first step toward the state doing away with mortgage-interest deductions, widely considered one of the largest financial incentives to homeownership.
Sen. Edward J. Kasemeyer (D-Baltimore County), the budget committee’s chair, said that the panel is working to finalize proposed rate increases and that they would hit high-income earners more than low-income earners.
According to several sources, the committee is likely to propose changes that would amount to roughly a quarter-of-a-percent increase to most residents’ state tax bills, a proposal likely to meet resistance in the House of Delegates, where there is strong support for a plan similar to O’Malley’s.
The Senate’s proposal would add up annually to a couple of hundred dollars in additional taxes for Maryland’s high-middle-income earners and much more for its millionaires and the ultra-rich, according to one estimate. Low-income earners may pay as little as $30 extra a year.
(Excerpt) Read more at washingtonpost.com ...
Add to this:
The proposed $2/month new tax on electric bills for "wind farms" ...
The proposed tripling of the "flush tax" ...
The [already raised] fees on toll roads and bridges to pay for the ICC Toll Road [something the State said it would NEVER do] ...
The proposed handing of 50% of state pension costs to the counties to deal with [so that local taxes MUST go up] ...
The proposed seizing of the counties' tax revenues to pay exclusively for schools [90% of which went to teacher salaries, pensions, healthcare, and other bennies THE LAST time they did this] ...
HOW'S THAT HOPE AND CHANGE WORKIN' FOR YA NOW ???
Why not reduce spending?
DOH !!! Now why DIDN'T I think of that ??? /sarc
BTW: I forgot to add that O’Malley wants to impose the state’s 6% Sales Tax ON TOP of the 29 cents/gallon tax we ALREADY have on gas ...
They need more money in their pockets.
Mistah, you funny!
The ease with which Maryland can raise taxes is a function of its being resident to so many government workers who are paid through the (seemingly) unending stream of cash extorted from Americans by the federal government. People on the Eastern Shore and west of the DC metroplex are SOL, but they are consistently outvoted by Maryland's vast Democrat base of welfare slugs+government employees/retirees.
Other big blue states (e.g. California) don't have this luxury and will burn down first.
Tax the rich, feed the poordouble negatives aside, note will that the philosophy is never about
'till there are no rich no more
'till there are no poor no more
As a Maryland resident, I have to admit that about the only thing I know about taxes is that the Maryland taxpayer is screwed.
O’Malley has stole every rainy day fund we have, he has taken the money from transportation funds and use them for Casa De Maryland and his other entitlement projects, Our roads are falling apart and haven’t been touched in the last year and a half but Baltimore and Montgomery are in good shape.
Why not reduce spending?
Mistah, you funny!
The ease with which Maryland can raise taxes is a function of its being resident to so many government workers who are paid through the (seemingly) unending stream of cash extorted from Americans by the federal government. People on the Eastern Shore and west of the DC metroplex are SOL, but they are consistently outvoted by Maryland’s vast Democrat base of welfare slugs+government employees/retirees.
Other big blue states (e.g. California) don’t have this luxury and will burn down first.
**************************************************
Amen. That giant sucking sound is the sound of US government tax dollars coming in to DC and being “recirculated” with a significant chunk of the recirculation being paid out to highly paid (and essentially unable to be fired) federal employees living in Maryland and equally large numbers of contractors supporting these federal employees. And you’re right, the folks living on the Eastern shore or to the west of the Washington-Baltimore axis are truly SOL and are always outvoted by the government employees and the “beneficiaries” of government handouts in Baltimore city and Montgomery & Prince Georges counties.
There is hope however. The American taxpayers are beginning to display signs of having enough with this BS. The “Beast” can be starved by continuing to have federal pay levels frozen at current levels. We should all have our representatives in Congress know that that is our strong desire.
Don’t forget the proposed gas tax that they want to add to the already mounting price of gay per gallon. We already pay about 41 cents a gallon in tax and they want to raise it to 75 cents a gallon in the next three years....each year raised until 75 cents a gallon.
BTW: I forgot to add that O’Malley wants to impose the state’s 6% Sales Tax ON TOP of the 29 cents/gallon tax we ALREADY have on gas ...
Are you sure those figures are right? I heard we already pay 41 cents per gallon in Maryland and they want to raise it to 75 cents. Gosh, I actually hope you are right.
I am a government employee and make 37,800 a year. I never considered myself making big bucks in government and that is as a GS-6. Not exactly at the bottom of the totem poll. Government workers don’t make as much as people think. I never understood why people believe that people are rich fat cats if they are part of the federal government. And you know living in Maryland that 37K is like big time poverty. I live in Arnold Maryland which is part of Anne Arundel County and is very expensive. Oh my wife is stay at home with four children so I suppose some may tell her to get off her “lazy butt” and get a job but we chose for her to homeschool and watch our children which is a tough job as every parent knows. To be honest I do bring home another 2200 dollars from my retirement from the military, but still that is not bringing in the big money either.
“Maryland Senate Democrats Favor Across-The-Board Hike To Personal Income Taxes”
What democrats are there, in any town, city, county, or state, or Congress — what democrats are there ANYwhere — that do NOT favor “across-the-board” hikes in personal income taxes?
What’s new about this?
Maryland income taxes going up. I hope all the Dims who voted for O’Malley are happy they did so.
Aren’t you glad that so many marylanders decided that he would be better than re-electing Bob Ehrlich? I’m just hysterical over it. (They’ree taking me away today, hee, ho ho,)
All your money are belong to us.
Business as usual in the Peoples’ Republic or Merry-land.
There are a lot of Yellow dog Democrat voters in Maryland.
They do not look at the record of the candidate or in fact look at anything except the “D” behind the name.
with so many vacation days, sick days, holidays....all of them....plus all the other bennies, $37,000 a yr would be a God send to most people.....and to think you get all your medical paid too....
you must not have it too bad if Mom can stay home....that is NOT a luxury people who work in private industry can often do....
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