Monday, January 14, 2013
What's Ahead for North Carolina
Cool plan. Art Pope's minions thought it up and posted it a month ago on the Civitas website. Now Art Pope is Gov. McCrory's budget director, so he'll get 'er done.
Reuters is reporting on it. Some 65% of NC's annual budget comes from income and corporate taxes. Shifting that burden to the working class will mean that the state's sale tax will have to rise a couple of percentage points, putting the burden for government exactly where the rich have always known it needed to be: on the backs of the poor.
Sen. Bob Rucho is the chief stooge in the General Assembly tasked with getting this done, and guess who he's been getting help from: Arthur Laffer, a former adviser to Republican President Ronald Reagan and one of the fathers of "trickle-down" economics.
Yep. The 1% are in control of North Carolina now, and they intend to make themselves very comfortable indeed.