The wonks at the N.C. Budget and Tax Center have produced this handy graphic showing some of the now-sacrificed education programs that could have been saved or expanded with the money from the McCrory tax cuts:
It ought be pretty clear by now that the folks protesting the regressive policies of the current General Assembly are North Carolinians, not outsiders as Gov. Pat McCrory and some legislative leaders have suggested.
If you want to understand who the real outsiders influencing our lawmakers are, check out the column in this morning’s News & Observer by Alexandra Sirota of the N.C. Budget & Tax Center. Read the whole thing—here is a sample.
Whether it’s shoddily researched reports by supply-side economics guru Arthur Laffer or inflammatory rhetoric during visits from Grover Norquist – he of the infamous “no tax” pledge that hamstrings legislators – the influence of outsiders in North Carolina is pervasive. These people and organizations are trying to make the state the latest test case for extreme measures in the guise of “reform.”
One of the few points of consensus that the right and left can come to on North Carolina’s tax system is that it’s badly in need of fixing.
The particulars how to do that, and how much taxes different groups should pay, widely differs from that point on, and were the topic of a luncheon debate this afternoon on N.C. State University’s campus and hosted by the N.C. Institute of Emerging Issues, the conservative Civitas Institute and the N.C. Justice Center’s Budget and Tax Center.
Wonky terms like regressive, progressive taxes and supply-side tax policy were tossed around, in the context of a larger conversation about what slashing taxes can do to a community.
STATEMENT FROM THE N.C. BUDGET & TAX CENTER:
Senate tax proposal shifts burden from the rich to the poor
RALEIGH (May 7, 2013) — The Senate leadership has released a proposal that will harm working families and the broader economy.
By cutting income taxes and expanding the sales tax to more goods and services, the Senate leadership has pursued a shift in tax burden from the rich to the poor, not tax reform. The result is a plan that not only requires low-and middle-income families to pay more while the highest income families pay less, but also reduces the state’s ability to invest in a foundation for economic growth by cutting state revenues by $1 billion each year. That is equivalent to the entire community college system OR the combined budgets of the DHHS Divisions of Aging, Child Development, and Child Health and the Judicial Branch and NC Biotechnology Center.