GOP tax laws took effect this week that will mean a net increase for many North Carolina tax payers. For some it may not be a huge increase, but the fact is we are paying more. Republicans will nickel and dime us to death.
Eliminated was the tax-free shopping days scheduled for back-to-school shopping. Many of us saved on clothes, calculators, computers, and basic school supplies. The savings on a laptop for high school and college students was a huge benefit to many of us. You can see the full list of potential savings here.
Also eliminated was the tax-free shopping weekend for those buying certified energy-efficient household appliances. This tax break may not have been as widely enjoyed as the back-to-school tax break, but it was a much-needed incentive to encourage people to buy appliances that are more environmentally friendly.
Natural gas customers will see their electric bills go up due to a sales tax that increased from around 3% to 7%.
Who sees their taxes go down? Why...businesses, of course.