Civitas : $1 Billion Tax Hike Will Deepen North Carolina Recession

The think-tank Civitas Institute in Raleigh has analyzed the proposed North Carolina 2009-2010 Budget that has yet to be voted on.  Their findings are here.

Surprise, surprise!  In these tough economic times with tax revenue down—and the boom years of spending easy money behind us—our General Assembly has decided to * RAISE TAXES* rather than exercise fiduciary discipline to trim and cut programs.   Can I hear a chorus of Kick the Can Down the Road?” Oh wait—it’s drowned out by “Let the Government Roll (Over You)!

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