Obviously, Democrats are against keeping taxes low for NC citizens
NC House to try again on constitutional amendments targeting income, property taxes
North Carolina House lawmakers are expected to try again Wednesday on a pair of proposed constitutional amendments after votes were delayed Tuesday.
One of the proposals seeks to permanently cap the state’s income tax rate at 3.5%. The other aims to regulate how quickly local governments can increase property tax rates.
Supporters say Republican-backed tax cuts in recent years have helped the economy grow, and that enshrining tax cuts into the state constitution will make them harder for future legislatures to undo. Critics say that by targeting two major sources of revenue for state government, as well as cities and counties, the amendments would go too far in limiting revenue and could force cuts to schools, police and other government services. (snip)
The income tax cap proposal has already cleared the Senate. That proposal, which would cut in half the state’s maximum possible income tax rate from 7% to 3.5%, passed 30-18 early Tuesday, with every Republican in support and every Democrat opposed.
Democrats do not care about police, except in their own neighborhoods. They do care about schools and government services, because that’s where their voters work. And being able to allocate way more money than needed means their friends, family, and donors get a piece of that pie. NGOs get their money for doing 20% of the work.
The biggest thing here is not the income tax rate, it’s the raising of taxes in counties run by Democrats which is the issue, as many are looking to raise taxes, particularly the property taxes, which is less than optimal after homeowners already saw them skyrocket post-COVID as their property values jumped 2.5 times. Perhaps counties and cities (both Wake County and the City Of Raleigh are looking to raise property taxes, for instance) should learn to spend money wisely. To tighten their belts just like in private companies. And keep an eye on their money
Chair of Durham PAC charged with embezzling more than $74,000 from committee
According to court documents, Cassandra Shana Stokes, the former chair of the Durham Committee on the Affairs of Black People, was charged with embezzlement and fraud in connection with a State Bureau of Investigation case into fraud allegations involving the PAC.
Dems will say “It’s only $74K, what’s the big deal?” Republicans will say “If I stole $74K directly from you, would you be OK with that?”
Original article
Critics say the move could leave North Carolina unable to respond adequately in the future to natural disasters, economic recessions or other emergencies. They called the proposal a move to trick voters this November into thinking the amendment will lower their taxes immediately. It won’t, since lawmakers already plan to lower the income tax rate to 3.49% next year regardless of whether the amendment passes with its proposed 3.5% cap.
North Carolina is legally required to have a balanced budget, with no deficit spending, so any drop in revenue must be made up by either making cuts or raising revenue, such as through taxes.
Make cuts. How much could be saved be reducing fraud, graft, and waste? Terminating all the non-necessary and redundant positions?
While the House postponed its vote Tuesday on the property tax amendment, its members voted unanimously for another bill that would partially close a loophole for affordable housing developers to be exempted from paying property taxes. That measure faces a final vote in the House Wednesday before heading to the Senate.
Rep. Erin Pare, R-Wake, is its main sponsor. She said too many apartment developers and others have been allowed to qualify for the tax breaks due to a recent court ruling, called the Blue Ridge case, and so she’s proposing this new law to clarify who can or can’t qualify. If her proposal had been in place last year, she said, Wake County alone would’ve collected an additional $11.4 million in revenue.
And there’s the “affordable housing” scam in play, for which Governor Stein is making a push again. There’s an “affordable housing” apartment complex nearby that is anything but, and tons of expensive vehicles in the parking lot, with market normal rental prices. But, the developer gets their tax breaks.
Read: NC GOP Looking To Pass Constitutional Amendment Limiting State Taxes »
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