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Brought the war on the so called wealthy moves -- -- Maryland state lawmakers passed a law that re defines who is rich.
Now people who make a 100000 dollars a year or more are indeed rich and now they don't have to pay more taxes Republican state senator -- cattlemen.
He joins us from Baltimore -- And senate thanks for joining us you oppose this measure did you note.
Well I definitely did and -- quite -- -- colleagues of mine who did as well clearly Maryland is -- deciding that 100000 dollars as rich.
OK what happens next because I know that Maryland enacted a millionaire's tax I think it was a few years ago.
And I believe that the million as -- been left this state and you ended up with -- less tax revenue than you have before you think the same thing happens now.
I think for shows saying he's gonna happen now Stuart I think that.
Now not only are millionaires gonna leave but also Lotta businesses because a lot of businesses -- independent individual tax returns subchapter S the net liability corporations.
So they are all gonna think about leaving as well Margaret Reid received less money.
But doctor -- remember as -- -- an income tax rates and individuals and Merrill they're also they'll lose their personal exemptions so you gonna get a 12 punch.
Some people who can afford it now governor O'Malley we asked him to come on the program he declined.
But what was his choice -- what was the choice of this of the state tell delegates here.
Was it to just raise taxes -- cut spending was it that simple.
And was that simple we put a man has -- -- amendments out there that would have reduced spending on things that we could wait for awhile to build while we're having a difficult time in Maryland and said that the Democrat majority in the one party rule in Maryland that they would they -- two thirds of our legislature.
They decided they wanted to -- middle class instead of cutting government and making -- more efficient and why relatives that is so why would be a political win.
Why would they deliberately vote to hit middle America the middle class Americans want like this why would they think that that's a political -- Because what they do as they try to it's characterized as helping education helping the please helping unions that were a big used data Merrill under the -- the country has been fighting back on public -- -- -- public he is more power giving -- more collective bargain given binding arbitration Merrill is just the really off track and when you look at the rest of the country now.
One of the things which we follow very closely on this program is -- states deal with the pensions for that retired state workers.
I believe that Maryland just made a shift.
I think -- shifted payments -- responsibility.
For state welcome pensions from the state to local municipalities is that correct that's correct.
We -- -- part of the burden for the teacher retirement to the local county is and then we are trying to get a look at counties more power to raise taxes at a local level so not only to have taxes raised at the state -- you're -- have taxes raided the local level.
And the people of Merrill are gonna suffer.
What's been the reaction to this thus far in the -- amount.
All I'm I'm here from allow my decisions are very frustrated a look on my FaceBook page -- -- -- they're gonna get leave the state of Maryland.
They can go -- a lot of neighboring states not pays taxes Pennsylvania Delaware Virginia we are by far the worst state in our region for taxes and -- the way we treat business.
I believe that in if you if you live in -- did you make this kind of money you pay 171000.
Dollars a year attacks if you make the same amount of money across state line of virginity by 111000 dollars a year in tax I think there is that kind of difference now opening up on my right.
That year right that's why we don't have these corporations and our Hyundai more everybody is leaving Northrop Grumman as the Northern Virginia other companies are leading Merrill and is really -- doing a -- and then we've got to get changing government we've got to get a new administration we've got to have some more conservative pro business legislators -- gentlemen we thank you very much for joining us this morning from Baltimore thank you so appreciate it.
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