As a lifelong small businessman, Governor Hogan understands that high taxes, reckless spending, and unnecessary regulations mean fewer jobs and lower wages for Marylanders. That’s why he has fought for fiscally responsible budgets that keep more money in Marylanders’ pockets and allow businesses of all sizes to grow. Thanks to the governor’s pro-growth leadership, wages have risen and Maryland has created over 120,000 new jobs. Over the course of the past five years, more Marylanders have been working and more businesses have opened their doors than ever before in our state’s history.
Governor Hogan kept his promise to hold the line on taxes while offering targeted tax relief to working families, seniors, small businesses, veterans, and retirees. He ended the notorious “rain tax,” and - for the first time in 50 years - slashed tolls on Maryland’s highways and bridges. Altogether, the Governor delivered $1.2 billion in tax, toll, and fee relief to Maryland families and small businesses.
Governor Hogan knows that in order to keep more money in the pockets of hard-working taxpayers, Annapolis needs fiscal responsibility. That’s why he introduced the first structurally balanced budget in a decade on the day after being sworn into office, eliminating nearly all of the $5.1 billion structural deficit he inherited from the O’Malley administration. Under Governor Hogan’s leadership, Maryland adopted balanced budgets with no tax increases every year he has been in office.
He also rescinded or eliminated 72 obsolete executive orders and eliminated or streamlined nearly 850 burdensome regulations that were unnecessarily suffocating job creators and businesses of all sizes.
As a result, Maryland - and Marylanders - are better off now than they were four years ago. The massive job losses under the O’Malley administration have been reversed, and Maryland’s median household income is the highest in the nation.
Maryland is better off today with Governor Hogan’s solid economic leadership.