But I would still note that if Maryland is going to be serious about fiscal austerity and holding the line on revenues and spending, it only seems fair to ask for consistency from conservatives and business representatives. They have been very vocal in arguing that we cannot afford government workers and social programs, but they have also been arguing for additional corporate and upper-bracket tax welfare, including new tax cuts. All this after we already allowed the millionaire’s tax to sunset. Meanwhile, it should be obvious that the responsible thing to do is to cage our revenue streams. At a minimum, it also seems fair to ask that money spent on new corporate welfare be given as much scrutiny from policymakers as government employees’ contracts are currently receiving. Don’t you think our corporate welfare needs to be shovel-ready or otherwise prove that it is a good investment?
Spot the fallacy?
A tax cut for individuals or corporations isn’t “welfare,” as David Moon presumes to call it. Welfare is when government takes from those that create wealth and gives it to those who consume wealth. A tax cut, is government prohibiting itself from taking more money than it already does from those who earned it.
But we should thank David for highlighting his belief that our money really isn’t our money.
To be fair to David, that graph is part of a longer, skeptical piece on Invest Maryland and state budget woes. However, if corporate welfare concerns him so, where was his vociferous dissent of Governor O’Malley’s ratepayer subsides for offshore wind, or the millions in subsidies for the crony capitalist State Center boondoggle.
Oh right, those are the good subsidies and corporate welfare, the type that further liberal policy goals and benefit Democratic donors.
Since 1997 state spending has increased 98%, while revenues have only increased by 78% over that same period (including the largest tax hike in state history). Sorry David, Maryland’s problem is that is spends too much not that corporations and millionaires, or smokers or drinkers for that matter, aren’t taxed enough.