State of Maryland Archives: on Tax Reform


Martin O`Malley: Cut $9.1B spending with no fee nor tax increases

Think back: When we took office, Maryland had a $1.7 billion structural deficit. No sooner had we taken action together to address that deficit, than the recession hit. Our State revenues took a huge hit, right along with so many family incomes.

Since that time, the O'Malley-Brown Administration has used the challenge of these times to make our government more efficient, and more effective. We have cut spending by $9.1 billion dollars. Today, we now have the smallest executive branch since 1973--and the budget I presented to you last week puts us on a track to totally eliminate that structural deficit without the need for any new fees or taxes.

We remain one of only seven states that has maintained a triple-A bond rating all through the recession, and to this day. We have built up our Rainy Day Fund to $800 million dollars, and we have placed this year in our general reserve an operating surplus of $37 million dollars.

Source: 2014 State of the State Address to Maryland legislature Jan 23, 2014

Rob Sobhani: 15% flat rate for most workers; high earners pay more

If the head of the IRS has to hire an accountant to file his own taxes, we obviously have a tax code that is too convoluted and unfair! We can reduce tax rates if we eliminate loopholes. I favor a simple, 15% flat rate for most working Americans. Those who are making a lot more can pay a little more. While we reform our tax code, we must be careful not to penalize success or chase capital overseas.
Source: 2012 Senate campaign website, www.sobhaniformaryland.com Oct 15, 2012

Michael Steele: Create legacy wealth for future generations

Michael is focused on pursuing economic policies that strengthen the economy, empower entrepreneurs and create real legacy wealth for future generations.

Lt. Gov. Steele and Gov. Ehrlich reversed the $4 billion deficit they inherited when they took office and created $2.4 billion in budget surpluses. Pro-growth policies at the state and federal level are encouraging low unemployment rates and fostering a climate for continued job growth.

Source: Campaign site, MichaelSteeleForMaryland.com, “On the Issues” May 2, 2006

Parris Glendening: Cut 28 taxes & returned $2.6B to taxpayers

But the people of Maryland were concerned [when my term began] as they faced low job growth, made worse by the mis-perception of Maryland as a high-tax state. Today Maryland has one of the nation’s strongest economies: unemployment is near an all-time low; we have the highest family income in the nation; we have one of the lowest overall poverty rates in the country. And--at the same time--we cut 28 taxes, returning nearly $2.6 billion to taxpayers, including the first Income Tax cut in 30 years.
Source: 2001 State of the State speech to Maryland legislature Jan 8, 2001

  • The above quotations are from State of Maryland Politicians: Archives.
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2016 Presidential contenders on Tax Reform:
  Democrats:
Secy.Hillary Clinton(NY)
V.P.Joe Biden(DE)
Gov.Andrew Cuomo(NY)
Mayor Rahm Emanuel(IL)
Gov.Martin O`Malley(MD)

Republicans:
Amb.John Bolton(MD)
Gov.Jeb Bush(FL)
Dr.Ben Carson(MD)
Gov.Chris Christie(NJ)
Sen.Ted Cruz(TX)
Gov.Mike Huckabee(AR)
Gov.Jon Huntsman(UT)
Gov.Bobby Jindal(LA)
Rep.Peter King(NY)
Gov.Sarah Palin(AK)
Sen.Rand Paul(KY)
Gov.Rick Perry(TX)
Sen.Rob Portman(OH)
Secy.Condi Rice(CA)
Sen.Marco Rubio(FL)
Rep.Paul Ryan(WI)
Sen.Rick Santorum(PA)
2016 Third Party Candidates:
Mayor Michael Bloomberg(I-NYC)
Gov.Gary Johnson(L-NM)
Donald Trump(NY)
Gov.Jesse Ventura(I-MN)
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Page last updated: Mar 29, 2014