Maryland has one of our nation’s more oxymoronic state nicknames: “The Free State.”
Oxymoronic – because the decades-now Democrat-dominated state legislature has spent their time and legislative effort ensuring that everything in “The Free State”…is inordinately expensive.
But in November 2016 – something wonderful happened. The good people of Maryland very wisely elected as Governor – Republican Larry Hogan. Who ran in no small part on a copious tax-cutting platform.
And once elected, Hogan kept his word. Gone was the very obnoxious rain tax – despite vociferous Democrat objection – and many other levies and fees.
But Democrats will not go quietly into that less-tax night. They have just passed a huge new tax increase. And done so – under the false flag of business tax “reform.” Behold SB 1090.
Democrat business tax “reform?” We should know better – and so should Hogan. Democrats don’t like business – so why would their business tax “reform” do anything other than punish business?
And here’s the obnoxious new wrinkle Democrats have added: SB 1090 increases taxes on businesses…not even incorporated in the state. Taxation without representation – on stilts.
Which at least makes a little sense. How much more could Democrats wring out of just Maryland’s businesses?
And you can jack taxes all day long on out-of-state businesses – because their entrepreneurs and employees can’t vote to stop you.
How obnoxious is all of that?
The Democrat tax increase will be on many businesses – as much as 10%.
And as they realize the full measure of their election-implication-free ability to tax non-Maryland businesses and people who can’t vote against them – you know those tax increases will necessarily skyrocket.
And, of course, businesses don’t pay taxes – their customers do. Oh wait – that’s us.
(And I do mean “us.” I reside in Maryland…for just under six months of the year. At which point I flee to income-tax-free Florida for the majority of the annum.)
All of this being said, let us now posit the notion that Maryland’s Democrats didn’t intend this to be a massive tax increase – on businesses both inside and outside the state.
I don’t find it plausible – but I suppose it’s possible.
If that is in fact the case – Democrats simply screwed up. Rather than reforming taxes – they created a new system that increases taxes and begins taxing out-of-staters. A terrible and heinous error indeed.
Whether SB 1090 as drafted is intentional or accidental – Governor Hogan’s response should be the exact same.
Veto away, good Sir.