August 24, 1992
Maybe George Bush is a Republican, maybe he did run his own business, and maybe he does want to treat Wall Street to a cut in the capital gains tax. But among many of the economists who shape the strategies of the nation's banks and investment houses, patience with the president ended with his speech last week.The very highlight of his plan -- offsetting cuts in taxes and spending -- was widely denounced as poison for an economy in a joyless, jobless recovery."Almost every economist would agree that equal cuts in taxes and spending actually depress the economy," said Allen Sinai, chief economist of Boston Co. "It is not a growth program."
April 19, 1994
WASHINGTON -- Maryland congressional Democrats may be singing the blues after a lobbying group parodied them in song Friday as Congress' biggest spenders, but even the most thrifty Republican from the state could do no better than a "B".The National Taxpayers Union gave all six Maryland Democrats in Congress an "F" letter grade for voting against spending cuts and for tax increases in 1993.In the report, Democratic Sen. Barbara Mikulski was rated the eighth biggest spender in the Senate, while Democratic Sen. Paul Sarbanes was 18th.
February 17, 1991
For General Assembly budget leaders, the next six weeks could be excruciating. As Maryland's deficit widens, the options available to balance the budget -- as required by the state constitution -- become increasingly distasteful. Every possible avenue offering fiscal relief must be pursued.That includes major tax increases and Draconian spending cuts. These are the two extremes on the government's budget pendulum. Legislators would rather avoid both options. But Maryland's fiscal outlook is so bleak that a combination of new taxes and sweeping program cuts might be unavoidable.
March 5, 1994
THE CATO Institute, a conservative think-tank that believes the only good government is one that cuts taxes and spending simultaneously, has rated the nation's governors. Not surprisingly, our governor, William Donald Schaefer, gets an overall grade of C. Here's why:"Schaefer may have made the biggest mistake of his 40 years in public office two years ago when he rammed a major tax increase through the state legislature. That tax hike included higher income tax rates on the rich, a gas tax increase, an expanded sales tax, and a doubling of the cigarette tax."
January 11, 1992
ANNAPOLIS -- What does a taxpayer really want?That's the question plaguing lawmakers as they sift through contradictory responses to Gov. William Donald Schaefer's call for higher taxes.Telephone calls to legislative offices and the governor's office in the 24 hours after the State of the State address were overwhelmingly anti-tax, according to staff.But there also were reports that some Marylanders had praised the governor for taking charge of the state's fiscal crisis. They called for support for government programs that could be doomed if taxes are not raised or if drastic cuts are not made elsewhere in the budget.
July 19, 1993
Paul Tsongas has it just about right when he says the Clinton administration's "Democrats only" approach on taxes and spending has pushed the Republicans into a "negativism" that undercuts the nation's hopes for an effective assault on chronic federal deficits. As House and Senate conferees get down to the business of producing an economic plan before their early-August recess, the signs of a disconnect from budget realities are all around.GOP legislators, who have effectively opted out by unanimously opposing anything any Democrat has concocted, are now seizing on the flimsiest of evidence to claim the deficit problem is not as bad as the White House projects.