The Transylvania Times -

Bad Budgets

 


Now that both the Senate and House of North Carolina’s General Assembly have passed their budgets, a committee will try to reconcile their differences before sending a budget to the governor for his signature. While there are specific differences, the overall theme is the same: reduce personal income and corporate tax rates, expand the sales tax to cover more services, and decimate public education spending.

On the surface, the reduction in income taxes will appeal to many people. But the reality is that for every tax decrease there must be a commensurate decrease in services or an incr...



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