Gov. Martin O?Malley?s State of the State address Wednesday afternoon subtly linked the recent tax increase with the state?s perceived strength during difficult economic times, according to local economists, who said one might not follow the other.
“There?s almost a passive attempt to link the tax increases with our ability to rebound from hard financial times,” said Anirban Basu, president and CEO of the Sage Policy Group. “I think that?s true but has nothing to do with the tax increase. The state is able to handle recession or near-recession [because] our two drivers are government spending and health. And those sectors are not as subject to cyclical fluctuations.”
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