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.
The Only Sensible Democratic Governor