Gov. Pat McCrory broke a campaign promise and told a whopper Tuesday as he signed a massive tax cut for corporations and millionaires that slashes billions in funding for state government.
It was a moment that hard-right conservatives have been dreaming of since State Budget Director Art Pope and his fellow wealthy ideologues on the Right hatched their plan to take over the state in 2010.
The tax shift plan will reduce state revenues by $650 million a year despite McCrory’s promise that any tax changes would be revenue neutral. And it raises taxes on many low and moderate income families, though McCrory’s said in his official statement that the plan “provides tax relief to all North Carolina taxpayers.”
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