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How would Pat McCrory pay for his tax plan? He won't say

Pat McCrory is quick to pounce on Walter Dalton's sales tax talk. But his tax plan lacks many details.

The Republican's plan is to reduce the personal and corporate income tax rates with a goal of eliminating them, he said in an interview Thursday, as part of a broader plan to "modernize the tax code."

How much of a reduction at first? How would he pay for it? What other taxes may he increase? He gives no direct answers. "I'm not going to negotiate the specific bill at this point in time," McCrory said.

The void in specifics means McCrory voters are essentially electing him without knowing what he would do once in office -- without knowing how he would pay for his plan. He refused repeated attempts to enumerate specific cuts to state government and taxes to offset the cuts he proposed.

McCrory is promising it would be revenue neutral and suggests the current $20.2 billion state budget is more than enough for the coming year. "But I believe there are a number of options available in growing the revenue and revising our tax system, which would bring in more revenue," he said without elaborating.

McCrory plans to form a bipartisan group to work on the tax changes -- the Republican-controlled legislature is also wanting a major rewrite and every special interest with a tax break is lining up lobbyists to help preserve their loophole. (A number of veteran legislative watchers are predicting no major reforms but maybe a trimming around the edges. Just like all the other previous bipartisan studies.)

Still, the lack of specifics is giving his Democratic rival plenty of opening. Dalton, the lieutenant governor, points to McCrory's comments admiring the tax systems in Tennessee and Florida, which have lower income tax rates but much higher sales tax and property taxes.

Dalton insists that McCrory’s plan would shift the burden to consumption taxes, such as a tax on food or services.

“He has talked about the redistribution of the tax burden we now have,” Dalton said of McCrory, suggesting the elderly and middle class would be unfairly hurt by his rival. “His plan would absolutely kill small businesses.”

McCrory disputes such a charge but can't give details.


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McCrory is going to cut

McCrory is going to cut taxes for his corporate clients at Moore Van Allen and raise sales taxes on the middle class and cut education.

I am surprised he doesn't say he will make up for the revenue from profits on the oil rigs he plans to allow off our coast. Remember, his firm lobbys for the American Petroleum Institute.

John Frank is another Liberal media hack

John,

Why didn't you call Dalton on his flip-flop? he is going to attempt to raise taxes if elected. That is the solution of the socialist-marxists party.

It's obvious

What he intends to do is gut state government and make state workers pay for his tax cuts.

Dalton flip-flops on taxes

Did you ever hear back from Dalton after he hung up on you yesterday?  Does he have your number?  Is he avoiding you?  Why?

Sounds as if McCrory has been consistent with his message throughout the campaign with no flip-flops.  He is promising a revenue neutral plan, opposes an extra sales tax, wants to cut state spending and wants to develop a bi-partisan plan - how refreshing....  I am sure that you will hold McCrory's feet to the fire if he does not follow through on his promises once he is governor.

Probably a good idea

I do not blame Pat for not giving away too much information about his tax plan.

Remember what Obama said?   “I will be held accountable,” Obama said. “I’ve got four years and … A year form now, I think people are going to see that we’re starting to make some progress, but there’s still going to be some pain out there … If I don’t have this done in three years, then there’s going to be a one-term proposition.”

Yeah, it is best to leave some things to the imagination.

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