Loophole Closing

I said: Who ever heard of Republicans saying increasing fees $150 million isn’t a tax?
                                     
And the former legislator sitting across the table said: You missed the real tax increase.
 
I blinked: Come again?
 
It turns out for years private colleges – like Campbell and Queens and Peace and Meredith – haven’t paid sales taxes. But Speaker Thom Tillis’ budget changes that.
 
You mean, I said, the House passed a tax increase on private colleges?
 
Wrong, again, the former legislator said. That’s not a tax. That’s a loophole closing. Or at least that’s what the House Leadership calls it.
 
Avatar photo

Carter Wrenn

Categories

Archives

Recent Posts

Loophole Closing

I said: Who ever heard of Republicans saying increasing fees $150 million isn’t a tax?
                                     
And the former legislator sitting across the table said: You missed the real tax increase.
 
I blinked: Come again?
 
It turns out for years private colleges – like Campbell and Queens and Peace and Meredith – haven’t paid sales taxes. But Speaker Thom Tillis’ budget changes that.
 
You mean, I said, the House passed a tax increase on private colleges?
 
Wrong, again, the former legislator said. That’s not a tax. That’s a loophole closing. Or at least that’s what the House Leadership calls it.
 
Avatar photo

Carter Wrenn

Categories

Archives