Jun 09 2009
N.C. Democrats: “More Taxes for You!”
The state House will consider today a $940 million tax package that would raise the sales tax and increase the income tax on the state’s wealthiest residents in an effort to offset deep budget cuts to education and social services.
House Democrats, who control the chamber, met privately for two hours Monday evening debating whether to balance a $4billion deficit with cuts alone or to include new taxes. The state deficit has grown to nearly 20 percent of the current budget, and erasing the shortfall with cuts alone would set state spending at a level it last adopted in 2006.
When I make less money, I have to cut my spending. I guess it’s too much to expect my government to do the same.
The House tax plan will be heard in a key committee this morning. The plan would:
•Raise the sales tax by a quarter-cent.
•Add warranties, installations, repairs and other services to the sales tax rolls.
•Raise the income tax rate from 7.75 percent to 8.25 percent on residents who make between $200,000 and $500,000 a year.
•Increase the income tax rate from 7.75 percent to 8.5 for residents who earn more than $500,000 a year.
•Raise the tax on alcohol sales, and boost the tax on a pack of cigarettes by 25 cents.
Democrats in the House have resisted raising taxes, while Senate Democratic leaders and Gov. Beverly Perdue have said the cuts required to avoid new taxes would be crippling to state services such as education. Perdue issued a statement Monday calling on the House to include new taxes in the budget.
You know what? I’m glad they did this. This will make more people pull their heads out of their butts to make room for the Democrat ass-raping that’s about to occur. I hope the voters’ butts are still sore in 2010.
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The current deficit is really only a symptom of what will be the biggest problem for the state – funding all the retiree pension and health care costs for state employees. As the public sector grows, along with life expectancies and medical costs (all greater than actuarial assumptions) – this will require greater and greater funds.
We will end up with a caste society – with an elite of government workers – generally better paid, with iron clad job security, and rich lifetime benefits to be paid for by the taxpaying masses.
Sigh
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Raising the income tax is ridiculous. North Carolina already has the highest income tax rates in the south. The state legislature which has been successful over the years in growing the state is now starting to make the same mistakes that New York and California have made, taxing away their residents and jobs. They are going to reverse the growth they have created. This would be a very bad move economically, particularly when we’re already in the middle of a recession.
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We are the next California. The Democrats and the RHINOs in Raleigh are killing our state. Gov. Perdue is all of a sudden saying we need to cut the budget, maybe she should have helped “cut” the spending and stealing that her old boss and buddy Mike Easley was doing at our expense. Perdue is in over her head, she must be removed from office now. What industry in their right mind would come to the highest taxed state in the south when they could go to South Carolina where they have lower taxes and a real governor? Perdue is a crook and a liar, just like Easley. Impeach her now.
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I am incredulous that North Carolina is going to go through with this draconian tax increase. I am already looking for a new home in South Carolina. North Carolina is becoming way too expensive. I am not one of the “RICH.” (I make less that 40K), but I’ve had it. As for the federal government, which is even worse, I will be involved in the July 4th tax protest and other activist activities. We have an illegal president, a scandalous congress that has forgotten the people, and a government owned by big business who is stealing us blind. Meanwhile, our economy is in the toilet. Enough, already.
By the way, I am an unaffiliated voter and have been for years, but my hat is off to South Carolina Governor Mark Sanford. He’s trying to save his State from the Obama Mafia. Good for him.
The Beejm
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