Winston Salem Journal: A Legislative Bad Decision That’s Looking Even Worse

And the numbers aren’t political spin. The current shortfall figures come from the Fiscal Research Division of the General Assembly. The estimate of how large the shortfall could become is from the nonpartisan Institute on Taxation and Economic Policy, using the latest state taxpayer data.

The Institute says the cost of the Robin-Hood-in-reverse tax cut could reach $1.1 billion this year.

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