Here’s a message to Beverly Perdue, Walter Dalton, Joe Hackney, Martin Nesbitt and all the other progressives who propose tax increases to offset the fiscal responsibility and restraint the new North Carolina General Assembly put in place with their 2011-13 budget: progressive tax plans that promise to soak the rich always hit the middle class.
From today’s Wall Street Journal, A lesson from Maryland’s governor:
The progressive tax ratchet—the racket—is to pretend government can squeeze more money from the rich than is possible, then spend the imaginary windfall, then when deficits persist claim there’s no choice but to raise taxes on the upper middle class and eventually on everyone who has income to tax.
