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First rough draft of tax proposals

The NC  House Finance Committee will consider a tax package Tuesday morning. It would raise about $940 million to help bridge what is somewhere in the neighborhood of a $4 billion budget gap.

Among the major proposals outlined by budget writers Monday night:

  • The sales tax would rise one-quarter of a percent. That would make it 7 percent in most places.
  • Sales tax would be applied to more items, including warranties, installation of home appliances and repairs.
  • Two new income tax brackets would be created. Currently, anyone making more than $100,000 is taxed at 7.75 percent. The proposal would tax those who earn between $200,000 and $500,000 at 8.25 percent. Those making more than $500,000 would be taxed at 8.5 percent.
  • Cigarette taxes would be raised 25-cents per pack to a total of 60-cents of state taxes per pack.
  • Alcohol taxes and fees on dozens of government licenses and services would rise.

Update: Click here to listen to Rep. Paul Luebke explain the tax proposal, and what it might buy, to reporters.

Comments

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moonshadow

June 9, 2009 - 1:48 am EDT

How many idiots does it take to make up a socialist congress? In NC we have way too many. These tax proposal increases wouldn't be needed if congress would pass a law to stop giving government financial aid to illegals. What part of the word ILLEGAL do they not understand? ILLEGAL: Not legal. Not allowed by law. Against the law.
Every time I go to the grocery store with my coupons and comparisons to get the best deals because I don't get to hand the cashier a WIC card as I am a working, middle class, taxpaying, legal American and I see the illegals with two baskets full of groceries including ribs, chicken, steaks, Stouffers frozen dinners, hand over a WIC card that I PAY FOR, it makes me FURIOUS! When are the working class citizens going to say ENOUGH IS ENOUGH??
I want to use our recall powers to vote these bleeding heart liberal idiots out of congress and get some REAL representation for the people that pay their salaries. They wrote a new bill just to continue to cheat us out of gasoline tax money. July 1st would have given NC drivers a little bit of a break when the gas tax per gallon (which is the highest of ALL 50 states) was to come down from 30.5 cents per gallon to 27.9 cents per gallon. These greedy politicians wrote a new bill and voted on it passing the bill that the gas tax cannot come below 29.9 cents per gallon. Are we, the workers who carry the load of the lazy low income going to continue to let these crooked politicians rape us daily??

moonshadow

June 9, 2009 - 1:57 am EDT

I would like to ask a question and if there is anyone out there who can answer it, please do. Where are the tobacco company lawyers? Our liberal socialist governor Bev wants to raise taxes on cigarettes by .25 more cents per pack. Do people realize that the government makes four times more profit if not more on a pack of cigarettes than the tobacco companies do? The congress has taken away smokers' 14th amendment rights and banned smoking in restaurants and bars. Now the government wants the FDA to control tobacco when they can't even keep our pets' food and our food safe. That is a joke!
I thought that when the tobacco settlement with the government took place and the tobacco companies had to pay out billion$ of dollars to the government this agreement was to keep the FDA's federal regulation out of the industry. So again I ask, WHERE ARE THE TOBACCO COMPANY LAWYERS????

Doug Johnson

June 9, 2009 - 9:50 am EDT

Moonshadow, what you never see how many jobs are lost by these liberals.
Kay Hagan, voted to raise the tax on cigarettes by 62 cent. Cost of NC jobs estimates at 4000.
The main purpose was to give illegals kids, health insurance, you must remember illegals vote 100% liberal. democrats.
That why you find all liberal writers against voter ID cards.
When the Raleigh Mafia has nothing to fear from the liberal media, they can do as they please.
You are right about the WIC coupons, the illegals will use the coupons, then pull out a roll of bills to buy their booze. I was at Wally World on the first of the month. A lady with 5 kids, all had cell phones and nice clothes. She paid for her groceries with food stamps. Brought a case of beer, had a roll that would choke a horse!
Went out and got into a Lincoln Navigator. Is it any reason your taxes are always going up?
You could do as we do, buy everything in Virginia. If you buy your months supply at one time you can save a lot.
I see trucks from 25 miles away, filling gas cans.
Of course if the Raleigh Mafia would tax newspapers, I feel a lot better. Not going to happen, I guess that the payoff for having papers, that praise your ever move. Until you get out of office.

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