Jim Geraghty at National Review Online brings us an interesting contrast between the two states that border Washington, D.C.:
Just days after Virginia Gov. Bob McDonnell announced a $544 million surplus, Maryland Gov. Martin O’Malley told county leaders Saturday that Maryland may need to increase taxes to solve a $1 billion budget gap next year.
What makes the contrast even more striking is the fact that McDonnell previously balanced an inherited $4.2 billion budget deficit that then Gov. Tim Kaine said could only be closed with a $2 billion tax increase while O’Malley has already signed the largest tax increase in Maryland history during his first term.
Both states benefit from the hiring spree and rare layoffs in the federal government, but the unemployment rate in Virginia is 6.1 percent while the unemployment rate in Maryland is 7.2 percent. (links original)
O’Malley made a direct comparison between his approach and that of the “obstructionist, economic saboteurs in Congress.” Given the results of his tax-hikes-begetting-tax-hikes approach to budget deficits — which yielded a flood of millionaires leaving the state — I don’t think he’s going to win that contest.
Btw, Politifact Georgia today rated “true” a statement that the proposed transportation sales tax, created by Georgia’s Republican-controlled Legislature and endorsed by its Republican governor, could be the largest tax hike in our state’s history.
– By Kyle Wingfield