We think it will find favor with everyone who needs to find favor with it." - Tony Rand
That's the quote the Insider leads with in its coverage of the budget announcement. And it is no doubt true - especially the 60,000 wealthiest individuals in North Carolina who get a break on their income taxes, while the other 9 million see a permanent increase in the sales tax rate.
It's a testament to Speaker Joe Hackney that he held the line on several other important issues in the budget bill. And it's a nail in Tim Kent's coffin that he spent nearly $700,000 of Realtors' money to lose the transfer tax battle. But it's a big black eye on the morality and decency of our state that the wealthy are getting a tax break at a time when so many are struggling just to make ends meet.
Shame on the North Carolina Senate.
PS And kudos to Greg Flynn. As far as I'm concerned, he was the point of the spear on pushing back against the Home Ticks. I hope you'll go out of your way to thank Greg for his tireless and innovative work in fighting a ruthless and well-funded Goliath.