INCESSANT TAX CUTS ARE RUNNING OUR STATE INTO THE GROUND: North Carolina tax cuts have primarily benefited large corporations and high income people. There is little evidence that this grows the economy. (We don't believe in trickle down any more than we believe in the Easter bunny.) By resisting any increases in the minimum wage, our legislative leaders’ policies are keeping a lid on disposable income. They’ve expanded sales taxes to more items and services as they’ve eliminated popular programs like the back-to-school sales tax-free weekend and the sales tax holiday on Energy Star appliances. None of these actions increase consumer purchasing power. Rather than continue with tax cut obsessions, legislative leaders need to focus first on what North Carolina needs to have – well paid teachers and school administrators; best-in-the-nation schools and universities; access for all to affordable health care and; a top quality of life. If there’s anything left over after that, only then should any adjustments in revenues be considered.
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