As we roll toward April 15th, it would be great to hear from North Carolina citizens everywhere about the Very Big Savings you're seeing on your tax bills. And while you're busy calculating your new-found wealth, you might want to look ahead to the coming Republican "Trojan Horse Tax Cuts":
- Are you one of the people who had your mortgage written down after being defrauded by the banksters? If so, did you know that the amount of the write-down will now be taxed as income? Even though you'll never see a dime of that amount, guess what? You'll get to pay taxes on it! How cool is that?
- Are you a student who was counting on being able to deduct tuition expenses from your taxable income? Count no more. If the NC House goes along with Phil Berger's plan, that deduction will be off the table.
- Are you a person who drives a car? Well, congratulations. Thanks to some legislative sleight of hand, you'll be seeing the amount of tax you pay on gasoline go up, up, and more up later this year. Just you wait.
All of these insults to the middle class are on the docket this week in Raleigh. The only question is whether these bills will sneak through without debate or be rammed down our throats will a hearty "screw you." And that, of course, depends on what kind of speaker Tim Moore is. Will he turn out to be Phil Berger's "yes man" and do the dirty work of further shredding the middle class, or will he stand up and say, "this isn't right."
Smart money says he's a yes man. There not a hint of evidence that he can think for himself, and there's certainly no indication that he understands the toll Republican policies are taking on North Carolina's middle class.
If you're a rich guy who doesn't care about anyone else, you should be delighted this week with the legislature. The Republican plan to help you get even richer is well underway. To those who are counting on trickle down to lift all boats, well, you're basically shit out of luck.
PS Also, look for Democrats to propose legislation for equal rights for women in North Carolina, and that could include equal pay. Then look for Republicans to say "we don't need no stinkin' equality. A woman's place is under her man."