Wait, I thought this was a tax hike on the “rich”?
To the editor:
Maryland is preparing to take the gold medal in a competition only a fool would want to win. If we go over the “fiscal cliff,” my home state of Maryland will see an incredible $7,000 tax hike for a family making just the median income, according to an analysis by the Tax Foundation. This dramatic tax hike ranks as the highest amongst the 50 states and would do untold damage to the state’s already fragile economic environment.
Noticeably absent from the 2012 campaign conversation was the real economic impact of these dramatic tax hikes on families living in high cost-of-living states such as Maryland. Disposable income simply does not buy in Maryland what it purchases in lower cost-of-living states and when combined with our total tax burden, it is creating an unsustainable economic environment. Nearly 40,000 Marylanders have fled the state since 2007 and the exodus stands to worsen without a change in course.
This tax-hike-on-the-rich political pitch is a red herring designed to further a political agenda, not an economic one. It is time for the president to lead. The campaign is over and the country needs a president, not a politician.
Severna Park, Md.
Editor’s note: Dan Bongino was the 2012 Republican nominee for the U.S. Senate in Maryland.