It is interesting to note that the differences between the two states could not be more apparent. According to Moody's Investors Service, Maryland's economy has stabilized and its tax revenues have solidified its state budget. Moody's rated Maryland at the top of its credit ratings. On the other hand, Kansas, according to Moody's, will suffer "dramatic revenue loss" and the potential loss of its credit rating. Kansas took the tax cutting approach because they felt it was losing business and related "opportunities" to be more "competitive" with surrounding states having lower tax rates. GOP Gov, Sam Brownback indicated that the loss of revenue has been dramatic at approximately $800 Million, and that additional cuts to social services and education may be necessary. Like Florida, GOP leaders believe continued cuts are the answer to lead to higher prosperity somewhere down the line (while businesses enjoy tax advantages now). In Pennsylvania GOP Governor Tom Corbitt has initiated a policy of trading benefits for the disabled in favor of tax cuts for business. And the beat goes on. Either way, the dilemma facing our state governments in these economic times is whether they should continue to cut taxes on the theory of the "if come" basis for business and "job creators" or whether becoming more "competitive" actually diminishes the quality of services and ultimately the lives of its citizens.
But whose "quality of life" do we measure? The one that is based upon the life of a business or the life of an actual, living and breathing American? After all, what does "Quality of Life" really mean?