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LePage O'Malley White Paper

LePage O'Malley White Paper

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Published by gerald7783

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Published by: gerald7783 on Jun 03, 2012
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06/03/2012

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Meet The Keynote
The man Maine Democrats are cheering this weekend 
Maryland Governor Martin O'Malley
Governor Martin O'Malley
is one of the most prolific tax hiking Governors in the nation. From 2007- 2012, O'Malley spearheaded 19 tax hikes in Maryland, plundering the budgets of Maryland residentsand businesses for more than $2.2 billion, an average of $377 per person, or $1510 for a family of 4.
O'Malley's tax hikes include:
Raising Maryland's sales tax Raising taxes on Maryland waiters & waitressesRaising Maryland's income tax Raising the tax on flushing a toilet in MarylandRaising Maryland's excise tax Eliminating income tax exemptionsRaising Maryland's alcohol tax Raising taxes on admissionsRaising Maryland's tobacco tax Raising taxes on amusementRaising the hospital provider tax Raising taxes on Maryland businesses
 
According to the non-partisan Tax Foundation, Maryland
lost 229,813 taxpayers
and almost
$13 billion in income
during O'Malley's first three years as the prolific tax hiking Governor of Maryland.
i
 
According to Sunshine Review, a non-profit organization dedicated to governmenttransparency, Maryland currently has a
 state debt of more than $81 billion.
ii
 
Architect of the 2008 Maryland “millionaire tax” that projected an
increase of $106 million
 in revenue but actually resulted in
lost revenue of some $257 million.
O'Malley then changedcourse and allowed the tax hike to expire in 2010.
iii
 
After 2008-
2010 “millionaire tax” debacle, O'Malley again hiked income taxes, this time not
 just on millionaires, but on 300,000 Maryland families and small businesses earning at least$100k per year and projecting the tax hike would extract $195 million from the pockets of hard-working Maryland taxpayers.
iv
 
A 2011 study by the non-partisan National Governor's Association shows Maryland to have the
th
largest state budget growth in the nation in FY '12.
v
 
Helped close Maryland's 2012 budget gap by
cost-shifting teacher pensions down to Maryland counties
rather than conduct real pension reform.
vi
 
Spearheaded the
 public financing of the $305 million
Baltimore Hilton in 2003, which has yet toturn a profit, and has
 spurred another $450 million competing public project to compensate.
vii
 

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