As predicted, the NC House has reconsidered it’s budget proposal, and wants to raise taxes $1 billion. Now, we may suppose that this means that they will cut $3.2 billion to balance the budget, but I’m not betting on that. I predicting even new or increased taxes (plus some smoke and mirrors) before we have a budget, because our elected officials can’t bring themselves to make hard decisions.
And bear in mind who really pays taxes in the end. It isn’t big corporations or “the rich”. Corporations pass taxes along to the consumer via the price of goods, and the truly rich have ways to avoid taxes. The “poor” don’t pay taxes either, especially in the Obamanation. Once again, the ever-shrinking middle class, us dull bourgeoisie types, will take it in the shorts.