Those Darned Bush Tax Cuts for the Rich...

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And Reaganite tax increases for the rich.


Two graphs via the CBO:

• The first represents all Federal Taxes paid:

• The second only represents Income Taxes paid:
  
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Fools Debating Spending Cuts or Increased Taxes in an Overtaxed and Over Spending Climate...

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Via journalnow.com:

Will [Bev Perdue] agree with Republican preferences to cut $3 billion to $4 billion, casting an eye back on November's elections and the big GOP victory? Her political strategy in that case would be to curry favor with conservative voters in anticipation of a re-election run in 2012.

Or will she propose to cut less, demanding that schools and other human services be protected by extending expiring taxes or by raising other taxes and fees? This course would be chosen to shore up her support with Democratic voters, making a "last stand" fight for preserving educational and social-service programs established over the past several decades.

It should be noted that education already eats up 60% of NC's budget. Taking 60% of the budget (education) plus the cost of the unspecified "human resources" would leave less than 40% from which to cut.

Furthermore, it should be noted that the percentage of the NC budget devoted to education would rise if spending in the remaining areas is reduced.

This could easily result in our state spending 70 to 80% of its budget on education. When last year it had been considered fair to spend 60% of the NC budget on education, how is it fair to spend 70 to 80 percent the next year at the cost of other programs?

Truly, the only fair and workable solution would be cuts that hit each recipient of state funds equally so that all recipients of state funding share the burden of the cuts equally.

No cows, sacred or otherwise.




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