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O’Malley Defending Tax Hike

June 14th, 2012 by WCBC Radio

Maryland Governor Martin O’Malley found himself defending a recently approved tax hike for high-earners after the {Wall Street Journal} blasted him in an editorial.  O’Malley’s tax plan increased the tax burden on people, who earn over $100,000 and households that earn over $150,000 by about $250 per year. O’Malley has continuously said it was done to balance the budget, but others say it’s unnecessary. O’Malley claims that Maryland is taking a balanced approach to solving fiduciary issues. He says there’s a distinct difference between state governments that take that approach and governments who continue to follow the policies of former President George W. Bush.  He also emphasized that the revenues created by raising taxes will go toward funding education…


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