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Here in NC you are seeing that lower taxes on the top do not filter down. If anything it creates an environment to just hold the cash. The state has no room in budget to offer incentives for growth. There is a growing UE rate which will cause more problems in rural counties, as seen here a large growth in illegal Drug business.
The current tax surplus has been created by a one time calender event which will not happen again, just in time for 2016.
Overall the current Republican GA and Gov. can not get their act together because of the issues the flat tax and the loss of revenue to rural counties has created.
"North Carolina currently has a very healthy growth rate of 1.13%, which ranks 14th in the nation."
If taxes are at some of their lowest levels in history, and the wealthiest in this country are richer than ever, why hasn’t the growth in the wealth of the middle class matched that of the top 2%?
#Exposing Republican Lies#
Liberal lies............. again.
You are an independent, right?
Taxes were raised by Obama, don't you remembers?
Federal revenues are at all time records from taxation- this is money taken from the private sector and given to the government.
Yes that's right but as mentioned many times on CD, don't show up without having a job first.
UE is rising in NC.
Great place to live but as I did, have a job before the move.
In the mean time issues caused by the GA and Gov. are creating problems in rural counties and have forced real estate taxes to go up in many counties, as well as property,sales and those nasty fees that the GOP like to raise (yes that is a tax increase).
The GA has tried to become over involved with everything from controlling water and sewer systems to taking over airports. All because their flat tax cannot continue to create enough income.
This as they lose business to other states. The flat tax another example of trickle down.
The GOPers have short term memory pretending none of their politicians believed in trickle down economics.
Because there is no such theory in economics called trickle down in name or theory. The media made it up and you believed them. All because someone said.
Because there is no such theory in economics called trickle down in name or theory. The media made it up and you believed them. All because someone said.
Top down economics, trickle down economics, its all the same thing. They focus on tax cuts for the wealthy because that will make them buy more crap which will result in more jobs, corporations will hire more people because they will have more cash etc that's the argument in a nutshell. Democrats believe in middle out economics.
Top down economics, trickle down economics, its all the same thing. They focus on tax cuts for the wealthy because that will make them buy more crap which will result in more jobs, corporations will hire more people because they will have more cash etc that's the argument in a nutshell. Democrats believe in middle out economics.
Then why has the economic policies under Obama been QE which is the biggest top down program in the history of the country?
If taxes are at some of their lowest levels in history, and the wealthiest in this country are richer than ever, why hasn’t the growth in the wealth of the middle class matched that of the top 2%?
#Exposing the fascist liberal globalist Lies#
uhm
also have the MOST taxes in history...more taxes than ever
LOL. Does Obama or Congress hold the purse strings?
uhm... which purse strings are you talking about
under budgets and taxes...the congress
FED actions... the POTUS as he (and only he) appoints the chief of FED, and the senate confirms the person in
congress(reps) has zero strings on the FED , the senate ''can'' choose to audit the fed... the most recent one, no other than bernie sanders, flip-flopped on wanting to audit the fed...he was bought and paid for,
LOL. Does Obama or Congress hold the purse strings?
sorry. you asked a question unrelated to the post you quoted.
the post you quoted is related to Qualitative Easing and actions by the fed.
Your question is budgetary in nature.
congress (the house actually) does initiate all federal spending and all tax related law.
Congress has zero impact on Fed policy. The President has little. however the President does appoint the Fed Chair with Senate approval. The current Fed Chair is Mr. Obamas pick.
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