[sickoflibs]

RE :”When governors and legislators face seemingly big budget deficits, they often turn to gimmicks to balance income and outgo on paper. The most creative have been what Capitol cynics call “rosy scenarios.” The politicians conjure up some new source of revenue, swear it is legitimate and then use the projected windfall to close their gap. ...None of those funds materialized, but that doesn't prevent Capitol politicians from dusting off another rosy scenario.”

My two favorite phony revenue increasers are the cigarette tax and tax increases on the rich. The cigarette tax increases brings in little, especially when the same liberals are outlawing smoking itself. Tax increases on ‘the rich’ are bound to bring some revenue (yes) but the CBO estimates are completely phony (optimistic.) If congress proposes that income taxes on a certain group is increased to 100%, the CBO assumes that group will still earn the same taxable income they did when their tax rate was say 35% just to hand it all over to the IRS. It's a joke.

Maryland Dems raised both of those taxes and collected even less revenue from them than before the increase. But they raised our sales tax too.

[stephenjohnbanker]

” Maryland Dems raised both of those taxes and collected even less revenue from them than before the increase. But they raised our sales tax too. “

You had a mass exodus of wealthy Maryland folk to other states, like Florida.

[Marine_Uncle]

The joys of living in blue states. PA taint far behind you in how many clowns run the state show.

[SunkenCiv]

Thanks sickoflibs.