Meanwhile Liberal Governors Keep Trying to Tax Their Way to Prosperity

Maryland Governor Wes Moore is widely considered the rising star of the Democrat party. We were sooo disappointed that facing a $3 billion deficit, he has announced he will raise taxes on the top 20% of earners in his state. Moore also wants a 1% surcharge on capital gains income for households that earn more than $350,000.

New York Governor Kathy Hochul has imposed a $9 congestion toll on vehicles entering central Manhattan and is likely to propose other taxes to bail out the city’s transit system, which has never recovered to its pre-Covid passenger levels.

Washington State’s just departed Gov. Jay Inslee helped push into law a tax on capital gains by pretending it wasn’t a tax on income. But enough residents have left the state due to the tax that the state is still saddled with a $12 billion two-year deficit. As he left office, Inslee proposed a new 1% wealth tax on state residents’ global assets over $100 million. The Democratic legislature has its own ideas, including a hike in the capital gains rate, and increasing taxes on homes sold for over $3 million – among other ideas.

The only Democratic governor that we know of who wants to CUT tax rates is Jared Polis of Colorado. Democrats could do a lot worse than Polis in 2028 – and they almost certainly will.

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