Elaine Mejia of our own NC Budget and Tax Center gives an overview of the current revenue raising plans being considered in the NC House and Senate. One key point – the amount of revenue raised by either plan will only deal with about 1/3 of NC’s budget shortfall – the other 2/3 will come in the form of substantial cuts to state government programs – mainly in health and education:
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http://www.newsobserver.com/business/nc/story/1585707.html
Yay for tax increases! More please! Power to the people (not you, silly, the people in Raleigh)! Down with evil businesses! woohoo!!!