Posted by
Willie on Monday, May 14, 2007 1:11:13 PM
OK, a strange enough question, right?
Well, if you are at all familiar with the farce that has passed for the N.C. budget over the past few years, then you know that waaaay back in 2001 the N.C. General Assembly passed two "temporary" taxes to address a budget "crisis." Before the taxes could expire, they were renewed in 2003....and they were renewed again in 2005.
The year is 2007, and the N.C. House has passed a budget that would renew the "temporary" taxes for another two years.
An eight year temporary tax?
Everybody's starting to catch on by now. I think they need to come up with a different name:
Maybe...Transitory Contribution....or...Transient Revenue Enhancement...or...Impermanent Levy Imposition?