The republican legislature criticized Bev's use of the sales tax to fund certain education programs.
Now we have this:
Here's the interesting part:
"North Carolina Gov.-elect Pat McCrory, a Republican, wants to reduce income tax rates to the level of surrounding states such as South Carolina and Virginia. But the proposals under discussion would offset that lost revenue with extra sales taxes.
"We're talking about a revenue-neutral stream to government," said North Carolina Sen. Bob Rucho, a Republican. "This, we believe, will put North Carolina on the cutting edge of economies in the country."
Will the legislature allow the sales tax increase for Pats pet project? While we criticized Perdue for the exact same thing?
I'm not so sure this is a good idea because a lot of people may not spend their income tax cut on goods that generate sales tax dollars.
Remember the Bush tax rebates? Theory was people would spend their money on items to generate revenues? That did NOT happen.
Now the GOP is saying that the Bush Tax Cuts did not pay for themselves with increased revenues and that the Obama tax cuts have to be offset with spending cuts.
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