How can you tell if a politician is lying? His lips are moving. It's an old joke, but, as with most humor, there is some truth. When the Republicans took over governing N.C. in 2010, they made many promises. So how did it work out?
The conservative battle cry was, "We will cut your taxes." So, in the next few years the largest tax cuts in modern history of North Carolina were enacted. All these cuts were based on the theory that big tax breaks for wealthy individuals and big corporations would generate greater tax revenue.
So far, just this year, N.C. state tax revenue is down more than $630 million, and most experts expect that deficit to get even worse by the end of this fiscal year. And when the second set of tax breaks take effect next year, the state will be even deeper in the hole. There will be less money for schools, roads, public safety, the court system, health care and everything else. And, by the way, unless your income was over $87,000, your overall taxes went up.