Maryland's Economic Outlook Declines 15 Spots
FOR IMMEDIATE RELEASE: May 23, 2013CONTACT: Nick Loffer, Nick@AFPMaryland.com or (410) 603-1836
Maryland’s Economic Outlook Declines 15 Spots
80% gas tax hike, flyover business country fueling decline
ANNAPOLIS — The American Legislative Exchange Council’s Center for State Fiscal reform released its 6th annual Rich States, Poor States Study. In 2012 Maryland’s economic outlook was the 20th best in the Nation. However a steady diet of tax hikes, such as Governor O’Malley’s 80 percent gas tax hike, has helped fuel Maryland’s decline in another economic rating. Maryland now has the 35th best economic outlook in the nation. The study also notes the excessive migration out of Maryland which reduces the number of taxpayers and jobs that help fuel our economy.
“Governor O’Malley’s and Annapolis’s tax and spend policies are sinking Maryland’s business environment and economic outlook,” said Americans for Prosperity Foundation-Maryland Interim State Director Nick Loffer. “Maryland can’t have the number one business environment when Annapolis insists on sending families and job creators out of State with tax hikes every year.”
Maryland has already received three top 10 “worst business climate” rankings in 2013 which includes negative marks from the Chamber of Commerce. States that have enacted free-market policies, such as Michigan’s ‘right to work legislation’ and Indiana’s tax reform, have brightened their economic outlook significantly in the Rich States, Poor States study.
For further information or an interview, please contact Nick Loffer at Nick@AFPMaryland.com or (410) 603-1836.
Americans for Prosperity Foundation (AFPF) is a nationwide organization of citizen-leaders committed to advancing every individual’s right to economic freedom and opportunity. AFPF believes reducing the size and intrusiveness of government is the best way to promote individual productivity and prosperity for all Americans. AFPF educates and engages citizens to support restraining state and federal government growth and returning government to its constitutional limits. AFPF is more than 2.3 million activists strong, with activists in all 50 states. AFPF has 34 state chapters and affiliates. More than 90, 000 Americans in all 50 states have made a financial contribution to AFP or AFP Foundation. For more information, visit http://www.americansforprosperityfoundation.com/