In a report by Americans for Tax Reform, researchers found that since 2011 Democratic governors have signed $58 billion in tax increases.
Illinois Gov. Pat Quinn was the biggest tax hiker of them all, placing more than $27 billion worth of taxes on Illinois residents.
Coming in a distant second was Maryland Gov. Martin O’Malley, who has approved $3 billion in taxes since 2011, and more than $11 billion since 2008.
The tax increases came from a variety of different sources, including O’Malley’s death certificate fee increase, which cost taxpayers $1.4 million to Quinn’s storm water management fees — also known as the “rain tax” — costing Illinois residents more than $512 million.
Excise taxes in general were a particularly profitable source of revenue. Quinn’s tobacco tax cost Illinois residents over $1 billion and O’Malley’s duty on the sale of alcoholic beverages placed nearly $260 in additional fees on state taxpayers.
Quinn’s increases in the corporate and income tax rates have also helped earned Illinois the title of one of the worst states to do business, according to a recent survey by Chief Executive Magazine.
With California Gov. Jerry Brown was raising both the state’s sales and income taxes, it was also ranked on of the country’s worst business climates.
While Democratic governors were busy signing off more taxes, Republican state leaders made efforts to pass tax cuts.
During the same time period that Democratic governors hiked taxed by $58 billion, Republican governors approved $36 billion in tax cuts.
The low-tax environment created by Republican leadership has won many red states the reputation of being friendly havens for businesses.
In the same study that labeled Illinois as an inhospitable state for businesses, Texas, Florida, Tennessee, North Carolina, South Carolina, Indiana, Arizona, Nevada and Louisiana – all governed by Republicans – were rated as the best states for businesses big and small.
While many Democrats raised taxes in their states, there were a few anomalies. New York Gov. Andrew Cuomo approved a corporate tax cut this year.
Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact firstname.lastname@example.org.
Powered by WPeMatico
We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse. Read more.
Send this to friend