Sen. Jacobs: 'New Taxes are Not the Answer'
The state senator urges Gov. O'Malley to "look south to Virginia" for guidance.
From Sen. Nancy Jacobs:
Marylanders, hold on to your wallet. The Governor’s hand is reaching in once again! Martin O’Malley has just admitted he wants to raise taxes to solve our state’s projected billion dollar budget deficit. Why can’t O’Malley see the repeated failure of his logic? Putting a further financial burden on Marylanders already knocked out by the recession and punishing business is not the answer. Companies might just take their remaining jobs and move to Virginia where Republican Governor Bob McDonnell is getting national attention for making his state even more business friendly. Not only that, Virginia has posted budget surpluses two years in a row.
Since taking office in 2010, Governor Bob McDonnell has totally reversed Virginia’s economic picture. When the Republican came into office he faced a 2.2 billion dollar shortfall left by his Democrat predecessor. But in less than two years, Virginians have seen surpluses and no taxes have been raised. The most recent savings top 545 million dollars. Yes, politically difficult decisions were made and the cuts were no doubt painful. But the poorest Virginians are still unharmed and business is thriving there. Virginia reports it has added 48,200 new jobs. CNBC recently ranked Virginia the “Best State for Business.”
During the same time period Maryland Democrats raised taxes and increased fees across the board. Needed cuts weren’t made. Perhaps that’s because they were too politically unpalatable to Democrats who worried they would alienate groups known to get out their vote. Now on top of it all, the federal government has pulled the teat on Maryland. Stimulus money is history and our state has lost 2,300 government jobs, many of them federal. Predictions are as many as 150,000 federal jobs could disappear in here in the long run. The lack of foresight by state leaders now leaves us in a real bind.
Governor O’Malley needs to look south to Virginia for lessons on what really works and help bring Maryland back to prosperity. New taxes are clearly not the answer.
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