New figures from legislative analysts confirm the 2013 cut to individual income tax rates is costing the state far more than originally projected.
According to a memo Thursday from legislative analyst Brian Slivka and chief economist Barry Boardman, the updated cost of the tax cut is $690 million for the current tax year.
That's $205 million, or 43 percent, higher than the original projection of $475 million.
That's for this year. And like the Energizer bunny, the NC GOP's fiscal irresponsibility just keeps going and going.
When Bev Perdue was governor, the NC GOP said that cash payments to corporations, job creation notwithstanding, were a bad thing. It's wrong for government to pick winners and losers, said the wing nuts.
Now with the GOP in control of all three branches of NC government, coupled with the slow realization that they're positively destroying the jobs climate in the state, the GOP has slightly revised their position on corporate welfare: cash payments to corporations are now a good thing, and they have no problem at all with picking winners and losers.
Now, with a Republican governor at the helm, some GOP lawmakers want to expand state incentives and create a so-called “closing fund” that will allow cash grants to seal a deal with large corporations that promise to add jobs.
U.S. Capitol police arrested a 59-year-old Camden, S.C., man Wednesday as he tried to enter a congressional office building with a loaded 9mm Ruger handgun in his bag. Officers discovered the weapon as they stopped Ronald William Prestage at about 9:20 a.m. as part of a routine search of visitors at the Rotunda entrance of the Cannon building
He was charged with carrying a pistol without a license and taken to the Central Cell Block, a facility of Washington’s Metropolitan Police Department. The State newspaper, a McClatchy publication in Columbia, S.C., reported that Prestage is a veterinarian, hog farmer, and president of Prestage Farms in Camden.
Well, that's one approach to lobbying reform. But it's kind of hard to write legislation when you've got a Ruger stuck in your ear. Prestage is also (big surprise) a deep-pocketed GOP donor, which earned him a seat on North Carolina State University's Board of Trustees:
Most species of aquatic insects live in the sediment, collecting, filtering, and grazing upon minute particles of food. Nothing goes to waste down there, not even the arsenic and selenium from coal ash. Heavy metals get lodged into the tissues of any insect that eats them. When minnows eat the insects, they consume the toxins. Larger fish get toxins from every minnow they eat. As you climb higher in the food chain, the amount of arsenic or selenium you find multiplies progressively. This process is called biomagnification and it has impacts on a food web from bottom to top.
NC's Department of Public Health has lifted its recreational advisory (they have yet to post the press release on their website, but I will link to it when they do), telling people it's okay to swim and fish in the River. But they're apparently still advising people to not eat the fish they say it's okay to catch. Which is a contradiction I'm still trying to wrap my mind around. Anyway, back to the science:
The 29-count indictment charges Boggs Paving Inc., Carl Andrew Boggs, III (a/k/a Drew Boggs), 49, of Waxhaw, North Carolina; Kevin Hicks, 42, of Monroe, North Carolina; Greg Miller, 59, of Matthews, North Carolina; Greg Tucker, 40, of Oakboro, North Carolina; John Cuthbertson (a/k/a Styx Cuthbertson), 68, of Monroe; and Styx Cuthbertson Trucking Company Inc., of Wingate, North Carolina; with conspiracy to defraud the United States Department of Transportation (USDOT), conspiracy to commit wire fraud, conspiracy to commit mail fraud, money laundering conspiracy, money laundering, and wire fraud for a scheme that lasted more than 10 years and involved more than $87 million in government contracts. All the defendants except Greg Tucker are also charged with mail fraud.
And McCrory can't claim he doesn't know this particular crook, because it appears Drew Boggs actually hosted a reception for the soon-to-be Governor:
“He drives the budgetary policy goals of the administration,” said one Republican lobbyist in town who spoke on the condition of anonymity in order not to anger either man. “The governor yields to Art. His real power, his influence in state government, is really having that turf all to himself.”
“My job, my role, my goal is not to influence and direct the governor,” Pope said emphatically. “My job is to analyze, to provide advice, facts, what the alternatives are. I present the information, and the governor decides.” McCrory said Pope defers to him, while often catching mistakes in the calculations made by state departments and legislative staffers. “We need more nerds like him in state government,” McCrory said.
The proper term is "wonk." Somebody who can explain how Senator Palpatine subverted the Republic's form of government is a nerd. But you know, Pope isn't just a wonk, either. A wonk usually writes or translates legislation for somebody else, without putting his or her influential twist on the language. That should be called "wanking." Making Art Pope a wanker.
Adding salt to the wound is the state-imposed utility tax, which went from 3 percent to 7 percent as of July 1. The tax increase comes from Raleigh’s effort to protect a threatened minority (wealthy people and large corporations) and redistribute wealth (from the lower and middle classes to the wealthy).
Gov. Pat McCrory takes credit for that. He got a 2 percent cut in individual income tax and even larger cut in corporate state income tax, and said “other taxes have gone up to make up the difference. It was tax reform with a move to more of a consumption-based tax. You pay tax on a newspaper now, lawyers have to pay tax, there are a host of other new or increased consumption taxes and we closed up a lot of loopholes.”
Remember that the next time your Republican lawmakers say they cut your taxes.
Even if they do remember most of the Republicans' base is afflicted with the "Democrats did it too!" method of rationalization. And usually they're screaming that from under the bus their heroes have placed them.
BlueNC is a labor of love. Views expressed by any particular community member are simply that: the views of that particular member. If you have questions or concerns about the content you see here, please contact us.