The election news just keeps getting better and better! Gov. Elect Hogan just got Brown's phone call. Maybe Hogan will be able to abolish some of O'Malley's taxes. I have such high hopes for the Republican Senate. Wonder if Obama will spend the next 2 years playing golf and sulking. I just had to share my happiness with today's results.
If MD abolishes some of its taxes, then look for university tuition to rise, to compensate. Tuition at MD public colleges rose THE LEAST of all 50 states over the past decade, because tuition rates were frozen for several years.
Also, gasoline taxes (or some other highway revenue source) will have to rise, nationwide (regardless of which party is in power), as vehicles get much more fuel efficient, requiring less gasoline. The Corporate Average Fuel Economy law, passed by the current administration, requires U.S. cars by the year 2025, to average between 46 and 60 mpg, and light trucks to average between 30 and 50 mpg.