Nos genuflectitur ad non princeps sed Princeps Pacem!
Listen, O isles, unto me; and hearken, ye people, from far; The LORD hath called me from the womb; from the bowels of my mother hath he made mention of my name. (Isaiah 49:1 KJV)
Posted on 05/25/2012 4:59:12 AM PDT by Tolerance Sucks Rocks
Maryland Gov. Martin O'Malley signed a quarter-billion dollars’ worth of tax increases into law on Tuesday. The move is meant to keep the state’s ever-expanding budget on a path toward growth. “Growth” is the last thing the private-sector economy is going to see in the Free State.
According to the latest Labor Department figures, Maryland lost 6,000 jobs in April, the largest such drop in the nation. Unless the General Assembly and the governor begin to rethink their free-spending ways, Maryland soon will be in the fiscal hole like California and Greece.
Like a good Democrat, Mr. O'Malley has taken up the rhetoric of hating “millionaires and billionaires,” but the burden for his tax increases will fall on individuals making $100,000 and families making $150,000. Given the high cost of living in areas like Montgomery and Howard counties, that’s hardly enough to qualify for an invitation to the country club. It’s not the “1 percent” who will suffer; the increase affects 40 percent of the population. Other levies, such as the “flush tax,” will drain all income groups. The increases “on the rich” are going to be disproportionately felt by small businesses that pay taxes through the owners’ personal income-tax returns, such as S corporations and limited-liability companies.
These are the true job creators. Boosting their operational expenses fosters an environment hostile to investment. The Kauffman Foundation took notice and recently gave Maryland a C- rating when ranking states for small-business friendliness. The current round of tax increases will likely bring that dismal grade down further. The issue of investors and businesses fleeing the state is something the state’s legislators should worry about. As Maryland was shedding jobs, neighboring Virginia was adding 2,700 more.
(Excerpt) Read more at washingtontimes.com ...
Soon to be known as the Flee State...
Maryland “Freak State” PING!
Laugh all you want, but I suspect this guy is going to be the Democrats’ next up-and-coming Presidential candidate, especially if Obama goes down.
If they have the stones to put them on at the same time, Newt will take him apart like a lego house.
Is there some kind of competition between Merryland, Illinois, Michigan and California to see who can be the worst state for business?
Like a good Democrat, Mr. O'Malley has taken up the rhetoric of hating "millionaires and billionaires," but the burden for his tax increases will fall on individuals making $100,000 and families making $150,000.
No jest on my part. He is a dangerous demagogue.
I used to work for a bank with a presence in DC, Maryland and Virginia. Degree of difficulty to lend money and costs associated with same ranked in the order shown. And yet they wonder why reasonable business people are moving to Virginia and other states?
Business as usual in the People’s Republic of Maryland. UGH. God help us.
Looks like Maryland is in a race with New York to see which state becomes the first “California of the East”...
I fled maryland a few weeks ago for Utah. All I can say is Free at last! Thank God, I’m free at last!!! Now I mcan only laugh at the continuing asshat idiocy in maryland and their loony-left governor, Owe-mally.
I fled maryland a few weeks ago for Utah. All I can say is Free at last! Thank God, I’m free at last!!! Now I mcan only laugh at the continuing asshat idiocy in maryland and their loony-left governor, Owe-mally.
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