The experts at the N.C. Budget and Tax Center will be out with more detailed analyses in the hours and days to come, but here are some preliminary takes on state Senate President Phil Berger’s big tax plan announcement/opening salvo in his race for the 2014 GOP U.S. Senate nomination:
#1 – Same ol’, same ol’ – This is what we had to wait more than four months for? After all the delays and big promises, all Berger and his aides could come up with was a plan to slash the state’s most progressive taxes (i.e. the personal income tax, the corporate income tax and the inheritance tax) and raise more money from the tax that hits poor and middle class people the hardest — the sales tax. Oh, and since the plan won’t bring in the revenue necessary to keep government going at its already underfunded levels, the plan also contemplates lots more spending cuts to essential services. No wonder these guys are championing bills to raise class sizes and cut pre-K!
#2 – Perverting a good idea – Read more