Last month, it was reported on data that suggested that the supposed 'temporary' millionaires tax enacted in the state of Maryland had succeeded on in chasing millionaires out of the state. The report put together by the anti-tax group, 'Change Maryland', sparked a firestorm in the state and prompted a vigorous defense by the state’s flaming liberal governor, Martin O’Malley, who maintains his claim that the state remains an economic 'powerhouse' despite its rather exorbitant taxes. Like most, if not all Democrats, O'Malley prefers raising taxes to reducing spending.
However, there is some new data on job losses in the state that is very likely escalate the battle even more, highlighting the broader, national debate over taxing the wealthy. 'Change Maryland' is citing new job figures that actually show Maryland losing more than 10,000 jobs this year, and that would be more than any state in the nation. The Bureau of Labor Statistics said Maryland lost 11,000 jobs in June alone, the third worst performance in the nation. But that, most likely, will have very little effect on the state's tax rates. Higher taxes are always the answer for Democrats like O'Malley.
'Change Maryland' says the state’s high taxes and fees make it one of the most highly taxed states in the nation and have accomplished little more than to chase away jobs and job creators. The “millionaires' tax,” which imposed a top rate of 6.25 percent on people making $1 million or more, expired in 2011, but there is talk of reviving it. "I'm deeply concerned that state government's onslaught of taxes and fees is causing us to lose businesses, jobs and taxpayers at an alarming rate," said 'Change Maryland' Chairman Larry Hogan.
Mr. Hogan says Maryland has raised taxes and fees 24 times just since 2007, costing the state economy $2.4 billion. 'Change Maryland' also says that Maryland has lost 40,000 jobs in that very same period of time, which is more than any state in the region except for Pennsylvania. Governor O'Malley responded by saying that his state has lost only 1,200 jobs this year, making the claim that 'Change Maryland’s' numbers don’t include January, which showed strong job gains. The state had 25,000 more jobs in June compared to the same month in 2011, or so the governor claimed.
What’s more, O'Malley claimed that his state had 6,000 more millionaires in 2011 than it did in 2007, bringing its total millionaire count to 157,779, that according to data from Phoenix Marketing International. The state supposedly has the highest percentage of millionaires in the country, according to Phoenix. In another blog post responding to this week's numbers, O'Malley's office said that while the state would like employment to be higher, its 6.9 percent unemployment rate is lower than the national average, at least as it is being reported by the federal government.
Socialists like this buffoon O'Malley simply have no interest, whatsoever, in actually reducing spending. They continue to feel completely justified in ripping off those who are the producers in our economy in their effort to subsidize those who vote Democrat . You know, the very same ones who 'refuse' to pay their 'fair share' and yet feel entitled to live off the rest of us. These pathetic parasites who are required to pony up exactly nothing in the way of income taxes. Frankly, until enough people depart states like Maryland, the whole notion of reducing spending is not likely to cross the minds of people like O'Malley.
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