Showing posts with label Maryland taxes. Show all posts
Showing posts with label Maryland taxes. Show all posts

Monday, March 18, 2013

Marylanders; overtaxed, overregulated, overwhelmed


Marylanders: overtaxed, overregulated, overwhelmed

 

Recently Maryland’s Governor Martin O’Malley released the state’s budget for the next fiscal year, a number so large that any rational mind would have trouble conceptualizing it for such a small state. Ceremoniously, the Governor noted the new state budget would be 37.5 billion dollars. To provide some sense and perspective to this number, another very blue state was chosen for comparison, California. The Golden State has a population of 38 million, Maryland’s comes in at under 6 million. Geographically Maryland has approximately 7% of California’s square mileage. Though Maryland has only 15% of the left coast’s population and 7% of its land area, the Free State’s budget is 25% of California’s 146 billion dollar fiasco. The question arises: Why does Maryland need this level of funding to survive? Maryland is not at war, except with its taxpayers, therefore it requires no payments to support an army. A close analysis of the budget notes it floods a bloated state workforce with pay increases and incentive bonuses. Public Schools are overfunded with billions of dollars of gravy that will not improve education, but will bring in the votes from teachers, to keep the democrat horde in power. Higher education now needs more funding since illegals were given the right to pay in-state tuition during the 2012 election. Medicaid will be budgeted at record levels instead of attempting to innovate this program to reduce costs. The Rainy Day Fund will be further enhanced, to quietly feed choice programs of the Governor.  Nowhere in this monster budget is their relief for the poor taxpayer. Regulations continue to pour out of the Maryland legislature to extort money from businesses to feed this behemoth. Our state Comptroller’s office is busy sending out thousands of letters each week, finding new and creative ways to burden the population in order to pay for O’Malley’s financial follies. Ironically, this newest state budget assumes more not less revenue from the feds. If the latter is not satirical, the state accountants believe the 4% tax increase on six figure incomes, approved last year, will also enable this fantasy budget to be funded. Once before millionaires were selected out for surtaxes and somehow 1,000 of them vanished from state tax rolls.  Governor O’Malley is blind to the financial disasters now plaguing other blue states. The crunch will soon come when taxpayers understand the motivations of our lawyer governor. Maryland is a Mecca for the entitlement crowd. Democrats feed this crowd to stay in power. We all know who these people are and the fringe benefits they receive just for existing. Many counties and cities throughout the country are facing bankruptcy, it is only a matter of time before Maryland has to pay the piper. O’Malley and his minions will not be around when the downturn comes, his aspirations are west of Annapolis. Maryland’s overreach will be the same hand that buries the state financially, unfortunately there may be no other hands to bail the state out. Mark Davis, MD

President of Healthnets Review Services, www.healthnetsreviewservice.com

platomd@gmail.com Manager of the political group on LinkedIn, Government in Transition. Please join in and comment.

Friday, March 9, 2012

Maryland's Fiefdom: taxes, taxes and more taxes

Maryland’s Fiefdom: taxes, taxes and more taxes



Maryland’s legislature is cleverly weaving a package of new taxes to support its entitlement engine, before it runs out of cash. In order to sell these new levies the Governor and his minions have contrived a plan of minor budget cuts to placate the fierce opposition he expects. Gasoline prices continue to soar yet the Governor does not think this burden is enough. His solution, add more fees to this life blood of the economy. Income taxes in Maryland are among the country’s highest, no problem let’s make them the highest. With home foreclosures at record levels O’Malley says we can do better. Let us go forth and decrease the mortgage deduction, displacing even more families. Unable to pay your exorbitantly high state taxes O’Malley has the answer: you can’t renew your driver’s license nor register your auto until you pay up. It gets worse cable, telephone and any other electronic devices may see a set of devious fees attached. Of course you heard that internet sales within the borders of Maryland will be assessed levies. Maryland’s chieftain is eyeing higher offices, what better way to achieve them but on the dime of this state’s private sector and its citizens. For those of you who graduated high school but retained a second grade reading level press releases from legislative committees and the Governor’s office are awash with verbiage noting these maneuvers will keep Maryland financially sound. Mr. Governor you can contort your language like the best acrobatic but the slime slips through. Take a red pencil and cut your budget by 10 to 20 percent. Means test everyone on the take. Stop giving new arrivals entitlements as soon as they cross state lines. Stop the double dipping done by thousands of civil servants. Reduce pension benefits for those still in the workforce because there may be none to payout in the end. Listen to a fellow left wing governor, Andrew Cuomo, who had a Eureka moment stating that New York does not have the cash to fund the huge entitlement establishment pushed by his fellow democrats. How far behind New York is Maryland financially? From this vantage point Maryland is right on its heels. To move up the food chain the Governor needs to display financial discipline, but I forgot he depends on the entitlement crowd for votes. When will sense and sensibility ever return to Annapolis? Perhaps never! Mark Davis, author of Demons of Democracy. The book that explained why we should not put a lawyer in the White House nor any of the state houses. platomd@gmail.com