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One good thing about the North Carolina ballot

Things aren’t looking so great in North Carolina policy and politics these days, but here’s one good thing:

We aren’t Florida or Colorado or Michigan or one of several other states that have regressive tax initiatives on their ballots this fall.

The folks at Citizens for Tax Justice have compiled the list and this post on Think Progress this morning highlights the three worst:

So-called “Taxpayer Bill of Rights” (TABOR): Florida voters will decide whether to accept Amendment 3, which limits public spending and revenue collection through a proscribed and — according to the Center on Budget and Policy Priorities (CBPP) — flawed formula. It also requires a supermajority of the legislature to override the revenue limit. TABOR virtually guarantees revenue shortages and makes it extremely difficult to raise more, so Amendment 3 will likely lead to drastic cuts in public spending. As the CBPP shows, if all the spending cuts were enacted at once, revenue losses would exceed $11 billion in ten years….

Supermajority requirements for changing tax policy: Both Michigan and Washington are debating requiring a two-thirds legislative supermajority in order to end tax breaks or increase tax rates. Such a requirement virtually guarantees legislative gridlock and a host of other problems.
In 2010, Washington put in place a supermajority requirement for revenue changes, known as I-1053, but it was struck down as unconstitutional in May 2012….

Repealing the estate tax: Oregon voters will decide on Measure 84, which gradually repeals the estate tax and will cause a $120 million loss in revenue for the state every year. Though other parts of the law are unclear, it could potentially “open a new egregious loophole allowing individuals to avoid capital gains taxes on the sale of land and stock by simply selling property to family members.” If this analysis is accurate, Oregon would lose up to $175 million by 2021.

Fortunately for North Carolina, we don’t do ballot initiatives like this. Unfortunately, right-wing state lawmakers seem more than prepared to bring a lot of these goofy ideas before the General Assembly in 2013.

Read the entire story on these regressive proposals by clicking here.

7 Comments

  1. Frank Burns

    October 25, 2012 at 11:48 am

    I disagree with the notion that cutting taxes is a “goofy idea”. If you’ve been listening to the Governor debates, you’ve heard our likely next Governor (McCrory) say how he wants to get NC taxes competetive with neighboring states. Imagine that! He must have been reading some of my arguments here on Progressive Pulse. He also wants to eliminate the myriad of credits in the NC tax system. It all sounds very sensible to me.

  2. JeffS

    October 25, 2012 at 4:12 pm

    These legislatures are effectively limiting the ability of future bodies to effectively govern. They are overstepping their powers. For me, this is the primary issue.

  3. ASmith

    October 26, 2012 at 7:04 am

    In the Oregon case you state that it “will cause a $120 million loss in revenue for the state every year”. You do, of course, realize that “loss” is not the state’s money to start with right? It is the citizen-taxpayer’s money, and the state’s “loss” means that money simply stays in the pocket of its rightful owner. There is simply no example of where any government entity can, or has ever, put any money to a more productive, useful and responsible purpose than the taxpayer that created the revenue to start with. Statist beliefs simply ignore the fact that the federal and state governments are the most corrupt, wasteful and greedy “corporations” in this country. How can you people have so much hatred of “evil corporations” and their “greedy profit motives”, yet the great granddaddy of all evil empires, the government, is who you want to give total control to?

  4. david esmay

    October 26, 2012 at 10:57 am

    @ASmith, the government is an evil empire? Really? Get out of the basement, take out the trash like your mom told you to, stop eating lead paint chips, and lay off the porn. Also, stop reading Irving Krystol and whacking it to that poster of Dagney Taggert on your wall.

  5. ASmith

    October 26, 2012 at 11:48 am

    Yep, Mr. Esmay, you are a typical progressive dupe. You immediately go to personal attacks to ANYONE who doesn’t see the world your way. Love it when you have no idea who you are trying to denigrate, only that they disagree with you so therefore they are personally attacked with wacked out comments. I give you an “A” on this class’s homework of utilizing the steps in “Rules for Radicals”. So predictable!

  6. david esmay

    October 26, 2012 at 1:09 pm

    ASmith, you’re a typical right-wing nut who fails to understand the role of government, which is to exist for the benefit of all, not a few select wealthy individuals. Corporations, unlike governments, are soulless entities answerable only to their shareholders and have no moral obligation to society. They only reason the right claims government is our enemy is that they keep selecting people who are incapable of governing to represent them. There are too many examples to list of the productive and beneficial programs created by our tax dollars, but here are just a few. Public education, environmental protect, SS, medicare, school lunches, rural electricity, science, medicine, CDC, National weather service, law enforcement, and on and on and on. Thankfully we don’t live in the Corporation of America, and people such as yourself, false patriotic delusional anarchists, are a distinct minority living on the fringe of right wing politics. The strange and disturbing thing about it is that you see yourselves as the only “true” Americans and the standard bearers of an America that never existed, except in your own minds and in the pages of some revisionist’s history book, or extreme right wing propaganda.

  7. david esmay

    October 26, 2012 at 1:35 pm

    Alex, are you going by ASmith today!