For the full disclosure, I was born and raised in Maryland. In fact, there are times I miss the place due to family and friends. However, in terms of the taxes and excessive regulations brought on by years of Democratic leadership, I am glad to be a Virginian.
Recently, The Washington Times had an editorial, which cited a recent American Legislative Exchange Council study that shows Virginia ranking as one of top ten states in terms of economic outlook. Maryland ranked 21st in terms of economic outlook.
Maryland is a very expensive state to live in, as property and income tax rates are higher than some of the surrounding areas. However, Virginia has been placing more focus on bringing business into the state, thus boosting the economy. Recently, CNBC ranked Virginia as the top state for business, and the state government has been placing focus on providing more tax incentives for companies looking to relocate to the Commonwealth. Maryland was ranked 29th, as the cost of living and cost of business were higher in the rankings.
Will this news serve as a wake-up call for Maryland? Probably not. It will not change until new leadership takes over the state government.