by Delegate Mike McDermott
A large pile of books were delivered to my office today containing the Governor’s Budget for the coming year. It makes it crystal clear this governor is out of touch with anyone but the elites of Maryland. The ruling class running this state use to go after millionaires, call them names, raise their taxes, and watch as they moved their residency out of state. Having so successfully destroyed that revenue stream, now they turn to those making only 100,000.00 per year.
Sounds like the O’Mallley plan is to expand the “1%” until it becomes the “30%”.
Here are a few low points of the O’Malley budget:
The governor claims $7.5 billion in cuts as he has done every year. The reality is a spending plan that increases 2013 spending just as in years past by a billion dollars.
The governor mentions $311 million in new tax revenue yet fails to mention the additional tax and fee increases such as the massive flush tax and 15 cent fuel tax.
All these taxes will be tacked on to those already existing in the budget...known and unknown.
If you make $100,000 or more, you will see a phasing out of some important Personal
Exemptions such as your mortgage deduction and charitable donations.
His budget continues the discredited practice of transferring dedicated funds from established trust funds to cover over spending in the rest of the budget.
This budget will seek to be funded on the backs of small business with phased out tax deductions and new expanded taxing regulations.
The governor has now defined the “rich” in Maryland as being those making $100,000 or more and they will likewise be taxed at higher rates and experience significant limitations on personal and business deductions..
The budget would apply sales tax to all Internet purchases.
It increases the tax on smokeless tobacco products.
The budget calls for shifting the cost of teacher pensions to the counties who have no room in their budgets for these incredible costs.
The bottom line:
This budget grows government and insures that our private sector will continue to struggle. It expands the definition of “rich” to apply to 30% of our people and insures the middle class will continue to shrink. The disposable income of Marylanders will continue to evaporate, and our local service providers will experience the decline. Deductions that have helped Maryland families keep more of their income at home will , instead, go to the O’Malley coffers. Counties will be forced into budget decisions that will, no doubt, pass on additional taxes to the people of Maryland.
While Maryland struggles under the weight of an ever expanding debt, the governor lifts his eyes to Pennsylvania Avenue.
Not so fast guv...not so fast.
Here are a few low points of the O’Malley budget:
The governor claims $7.5 billion in cuts as he has done every year. The reality is a spending plan that increases 2013 spending just as in years past by a billion dollars.
The governor mentions $311 million in new tax revenue yet fails to mention the additional tax and fee increases such as the massive flush tax and 15 cent fuel tax.
All these taxes will be tacked on to those already existing in the budget...known and unknown.
If you make $100,000 or more, you will see a phasing out of some important Personal
Exemptions such as your mortgage deduction and charitable donations.
His budget continues the discredited practice of transferring dedicated funds from established trust funds to cover over spending in the rest of the budget.
This budget will seek to be funded on the backs of small business with phased out tax deductions and new expanded taxing regulations.
The governor has now defined the “rich” in Maryland as being those making $100,000 or more and they will likewise be taxed at higher rates and experience significant limitations on personal and business deductions..
The budget would apply sales tax to all Internet purchases.
It increases the tax on smokeless tobacco products.
The budget calls for shifting the cost of teacher pensions to the counties who have no room in their budgets for these incredible costs.
The bottom line:
This budget grows government and insures that our private sector will continue to struggle. It expands the definition of “rich” to apply to 30% of our people and insures the middle class will continue to shrink. The disposable income of Marylanders will continue to evaporate, and our local service providers will experience the decline. Deductions that have helped Maryland families keep more of their income at home will , instead, go to the O’Malley coffers. Counties will be forced into budget decisions that will, no doubt, pass on additional taxes to the people of Maryland.
While Maryland struggles under the weight of an ever expanding debt, the governor lifts his eyes to Pennsylvania Avenue.
Not so fast guv...not so fast.
New Posts to fall below.
15 comments:
thank you so much for keeping us informed.
In the midnight hour she cryed more more more. The end isnt scary, getting there is. We are all on our own ride for sure.
We all knew this was coming, but to see it in print is very alarming.
If these things happen to go through you will see such a mass exodus, it will make your head spin. We saw this when the insurance premiums were raised for docs years ago, then the higher taxes for people who made a million dollars, now this..
Tax, Spend, Tax, Spend, Tax, Spend... Everyone goes broke. Nice way to run a state, Gov!
Craig Theobald
Ironshore
Dont forget to make time for life. The little shit is what matters.
The average hard working American doesnt have time for politics. They are to tired from working & worrying. Things like the house payment, the car payment, the insurance, the electric bill,cable and every frkin thing else that they are killing themselves to just not drown. They dont have time for some politician to tell them anything. They are tired and they are pissed off. Out of love and respect for the ones they are responsible for they keep marching on and never have enough time to even laugh. Your missing life there. Some fool on a soap box dont much matter.
This is not a ten year thing, this is a twenty five year thing. We as a nation are in the valley. Big valley. By the time the nation climbs out of this valley if it ever does we will all be a lot older then we are now. When the average hard working family cant get money from the equity in the home for emergencies and extras, game over. Game over. Home ownership was Americas wealth. A nation of renters. We do live in a world where economic viabilty matters. Whats left? Gen-Pop...
Greed is what happened. To whatever extent we all bought into it. They sold it and we bought it. Britches to big for all of us. Its a big shit pie and we are all having to take a bite. Sucks. Hang in there because what you think you value and what really matters will change and you will smile. Your at another level then, good job.
Sorry, O'Malley is banking on voters not doing much more than griping. It's the entire Legislature in Annapolis that is doing the identical thing.
There's a reason that Maryland Democrats have dominated policy for so many years. It's called apathy by the voting majority.
I quess the secret is???? Enjoy every piece of your life while you got it. And then some. You do that well you already won, smile.
Sh!t aint no joke by any means.
Everybody needs some windex. Everybody.
The stimulus money has run out and O'Malley takes the liberal approach...increase taxes, establish new fees/taxes and spend more. The dunder head should be taking lessons from NJ Gov. Christie, but no...he wants to continue his liberal philosophy and take our state and we citizens farther down.
Time is the only thing we ever own.
s__t seems to be the word in these comments. to you that whine; did you vote in the last election? if so; who did you vote for? "we the people" can change this, so stop whining and get to work wimpos.
always remember, for the most part demos tax and spend and repubs usually like smaller government.
do your homework and work for your candidate. never believe what is being fed to you. always dig up info on your own.
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