In the last week, the NC General Assembly is cranking out bills from health assessments to vaccines that have conservatives scratching their heads. Add SB 369 to the list.
SB 369 is titled “Sales Tax Fairness Act”.
‘Fairness’? For who exactly?
This is more like the small counties trying to raid the big counties piggy banks. Milton Friedman is rolling over in his grave.
The net-net of this bill is it takes a location (county) based distribution of sales taxes and changes it to a population based scenario. In other words, SB 369 seems to be saying it’s not fair that for example, Wake County, has a bunch of malls and businesses and therefore gets more money because they generate more sales. No, that money needs to be shared.
Governor McCrory has come out slamming this proposal. While I don’t agree with him on some fronts like Common Core, I agree with him here. This is a job and business killer. It’s in the same vein as Obama’s ‘fair share‘ and redistribution of wealth attempts.
Speaking of slamming…and crippling and eviscerating…where is Gubernatorial hopeful Roy Cooper on this one?