Posted on 07/22/2009 5:18:50 AM PDT by SuperSonic
Increased sales and sin taxes and an income tax surcharge could raise nearly $1 billion.
After more than a month of strained negotiations about how to raise money to offset a gigantic state budget deficit, lawmakers saw a third path Tuesday morning: Raise the tax burden on everybody.
The Senate put forth a plan that takes pieces of both the House and Senate proposals without giving either chamber what it really wanted.
The proposal calls for increases in sales taxes and sin taxes, as well as a two-year surcharge on corporate and individual income taxes for all taxpayers, to raise $990 million. It would put the total budget for this fiscal year at about $18.9 billion.
(Excerpt) Read more at newsobserver.com ...
Sin taxes: The cigarette tax would increase by 10 to 15 cents per pack. Lawmakers are not saying yet how much they would increase the taxes on alcohol.
Income tax: A 2 percent surcharge on personal and corporate income tax liability for all taxpayers. The surcharge would expire in two years.
Increase taxes during a severe recession? Brilliant.
These people are meatheads.
Hope and Change was one big old lie.
Only the people that voted for this national nightmare should heve to pay all the new taxes.
Democrats=Raise taxes..cut defense..expand government. Every time.
Just to be clear. This article is about the state of North Carolina. However, it really isn’t any different from the federal attitude.
It is telling to listen to Democrats when taxes are the issue.
It’s always pain, suffering, cuts, slashes, etc.
In truth the only pain felt is by these drunken sailor spenders (with apologies to drunken sailors)...of course raising taxes is their first, last and only response.
“Proposals include cutting thousands of teacher jobs and raising the average class size, reducing health care benefits for the poor and closing prisons.”
Here we go again. What happened to the usual threat of reducing fire, police and sanitation budgets?
If all citizens were forced to walk through a state government office and see the true magnitude of sloth and waste in do-nothing jobs then perhaps these scare tactics would be laughed at for the joke they are.
NC - when did you go Yankee?
Measures like this will go a long way to ease the housing problem in California. Housing prices must drop as great numbers of prospective emigrants put their homes on the market.
The surcharge would never expire and probably will have to be raised because of the shortfall resulting from large numbers of taxpayers leaving the state.
I live near Lake Norman north of Charlotte. Seems almost everyone is from New York, New Jersey, Connecticut, etc. They come here to escape high taxes, and then vote for Democrats like they always have. Unbelievable.
Along with rising unemployment state revenues will continue to dive. Then the legislature will be "forced" to increase taxes again. Makes perfect sense doesn't it? < sarcasm off >
The playbook and solution to any and all problems is always the same for Demonkats and RINO’s in any state and on the Fed level, irregardless of the state of the economy — higher taxes, more taxes, more control, more legislation, less freedom, ... you get the pattern.
So siphoning wealth from productive citizens to the destructive state is going to solve something?
The "rich" can afford it. < sarcasm off >
It’s like that here in Raleigh. I can’t say too much because I’m not a native Tar Heel although I am doing my part by raising good, Conservative voters!
Course they do. They’re better than you, you redneck ;)
NC ping. Time to change the state motto to “BOHICA.”
}:-)4
Dittos on all counts to you, my friend.
We need a recall provision in NC so Tax-Rev Bev can be sent packing.
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