Comments on: Rep. Cotham schools a fellow lawmaker http://pulse.ncpolicywatch.org/2009/06/09/rep-cotham-schools-a-fellow-lawmaker/ Affecting NC public policy through informed, energetic and progressive conversations. Sat, 11 Feb 2012 03:14:42 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Rob Schofield http://pulse.ncpolicywatch.org/2009/06/09/rep-cotham-schools-a-fellow-lawmaker/#comment-37463 Rob Schofield Tue, 09 Jun 2009 18:58:16 +0000 http://pulse.ncpolicywatch.org/?p=6322#comment-37463 Friend, we've been through this <a href="http://pulse.ncpolicywatch.org/2009/05/14/new-national-report-more-states-raising-reforming-taxes-to-address-recession/",target="_blank" rel="nofollow">before</a>. But just in case you've forgotten: Though less than an optimal,time, raising taxes during a recession AT THE STATE LEVEL is often a better solution than allowing the state to spiral into Hooverite downturn. To quote the CBPP report: “North Carolina, for example, raised taxes by about 3.5 percent of revenues during the last downturn. From 2004 to 2007, total personal income in the state grew by about 6.7 percent each year compared to the nationwide rate of 6.2 percent during this period. North Carolina experienced faster-than-average growth in employment following the last recession, growing about 2.5 percent each year from 2004 to 2007. Nationwide, employment grew at an annual rate of 1.7 percent during this period.” Friend, we’ve been through this before. But just in case you’ve forgotten:

Though less than an optimal,time, raising taxes during a recession AT THE STATE LEVEL is often a better solution than allowing the state to spiral into Hooverite downturn.

To quote the CBPP report:

“North Carolina, for example, raised taxes by about 3.5 percent of revenues during the last downturn. From 2004 to 2007, total personal income in the state grew by about 6.7 percent each year compared to the nationwide rate of 6.2 percent during this period. North Carolina experienced faster-than-average growth in employment following the last recession, growing about 2.5 percent each year from 2004 to 2007. Nationwide, employment grew at an annual rate of 1.7 percent during this period.”

]]> By: IBXer http://pulse.ncpolicywatch.org/2009/06/09/rep-cotham-schools-a-fellow-lawmaker/#comment-37461 IBXer Tue, 09 Jun 2009 18:49:15 +0000 http://pulse.ncpolicywatch.org/?p=6322#comment-37461 What happens when Larry the Landlord has to raise the rent on Danny the Disabled Student's family in order to afford to pay for the property and his dad looses his job anyway because state revenue continues to decline because taxes were imposed by idiot legislators during a recession? What happens when Larry the Landlord has to raise the rent on Danny the Disabled Student’s family in order to afford to pay for the property and his dad looses his job anyway because state revenue continues to decline because taxes were imposed by idiot legislators during a recession?

]]> By: Rob Schofield http://pulse.ncpolicywatch.org/2009/06/09/rep-cotham-schools-a-fellow-lawmaker/#comment-37459 Rob Schofield Tue, 09 Jun 2009 18:17:04 +0000 http://pulse.ncpolicywatch.org/?p=6322#comment-37459 And Rep. Bill Owens, one of the most conservative Dems, was also on the money when he called conservative ideologues on their hypocrisy for bemoaning budget cuts even as they opposed any new revenue. And Rep. Bill Owens, one of the most conservative Dems, was also on the money when he called conservative ideologues on their hypocrisy for bemoaning budget cuts even as they opposed any new revenue.

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