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Hackney: sunsets could move negotiators

Submitted by bniolet on July 7, 2009 - 2:58pm.
Tags: Beverly Perdue | budget '10 | Joe Hackney | taxes | Under the Dome

House Speaker Joe Hackney said expiration dates on new taxes proposed by Gov. Beverly Perdue could help thaw frozen budget negotiations.

"I can't speak from the other side. I think there are some suggestions she made that would help us move off center," Hackney said. "I do think it's important that she is engaged in this process becuse we're polarized here."

Hackney said it was his understanding at a meeting with with Perdue at the Executive Mansion that Perdue was presenting a menu of tax options, not an all-or-none package.

Hackney said finance negotiators were resuming talks Tuesday.

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Re: Hackney: sunsets could move negotiators

Submitted by PaulTerrell on July 7, 2009 - 10:45pm.

What about all the other temporary taxes that the Democratic Party keeps renewing? I do not believe Hackney for one second.

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Re: Hackney: sunsets could move negotiators

Submitted by JPQuick on July 7, 2009 - 8:53pm.

The tax base is likely to shrink after Bev drains $1.6 billion out of the state economy in a recession.

Eliminating the "temporary" sales tax on a future date would only reopen the budget deficit we are currently experiencing. Future deficits are likely to be significantly larger given a shrinking tax base.

Since Bev refuses to make meaningful spending cuts, taxes will increase again in the future.

The sunset provision could change the mix of taxes, but future Perdue budgets are certain to require more "revenue" increases.

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