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Wake up people, they are not looking out for you

Wake up people, they are not looking out for you

Keep electing the same asshats over and over again and ...

Gun Regulation Rhetoric Misses the Mark

Gun Regulation Rhetoric Misses the Mark

And the incessant posturing endangers every American, r...

"If in the opinion of the people...

Never mind, that notion slipped away long ago, buried i...

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OP/ED

SETTING

Maryland's Son of Obama

Wall Street Journal Opinion:

Most states have improved their financial condition coming out of the recession and so new taxes are generally off the table this year. Then there's Maryland. Here's another case of a failed tax increase on "millionaires."

Democratic Governor Martin O'Malley has acknowledged another $1.1 billion deficit for 2013 thanks to a $35.9 billion budget with about $400 million for new school construction, roads and transit. To close the budget gap and help plug a $16 billion unfunded liability in public-employee pensions, Mr. O'Malley is seeking to raise $180 million by reducing income-tax deductions and exemptions for those earning more than $100,000. This is Maryland's new definition of "rich."

Mr. O'Malley also wants to raise taxes on tobacco, nursing homes, Internet sales, water and sewers. One of his biggest revenue grabs is a proposal to apply the 6% state sales tax to gasoline, which over three years could raise the tax by 18 to 24 cents a gallon, up from 23.5 cents now.

If tax increases solved budget problems, Maryland would already be sitting on a mountain of cash. In 2007 Mr. O'Malley signed a "millionaire surtax" raising the tax rate to 6.25% on income of $1 million or more and to 5.5% on more than $500,000, up from 4.75%. Maryland cities impose piggyback income taxes of up to 3.5%, so the effective tax rate in Maryland soared to 9.75% in places like Baltimore. ... continued...

" Nothing in the world is more flexible and yielding than water. Yet when it attacks the firm and the strong, none can withstand it, because they have no way to change it. So the flexible overcome the adamant, the yielding overcome the forceful. Everyone knows this, but no one can do it. "

--Lao Tzu

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